GOLD - Gold Prices Decline as Bearish Trend Persists
The price of gold ended yesterday's trading below the 2325 level, reinforcing expectations that the bearish corrective trend will continue to dominate. Therefore, we anticipate further declines in the coming sessions, provided the trading remains below the 2344 level.
After the price touched the support at 2328, it reversed upwards to perform its correction until reaching 2344. Thus, after the price touches this level, it is expected to decline again, breaking the 2328 support. Once below this level, it will likely touch 2303.
Breaking the resistance at 2344 will end the bearish phase and initiate a bullish trend toward the levels of 2357 and 2369.
Tendency: Short 2344
Target station: (2328, 2303, 2279).
After the price touched the support at 2328, it reversed upwards to perform its correction until reaching 2344. Thus, after the price touches this level, it is expected to decline again, breaking the 2328 support. Once below this level, it will likely touch 2303.
Breaking the resistance at 2344 will end the bearish phase and initiate a bullish trend toward the levels of 2357 and 2369.
Tendency: Short 2344
Target station: (2328, 2303, 2279).
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~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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