By examining the gold chart in the daily time frame, we can see that the price, with the strong Break it made yesterday, was able to penetrate below $1884 and cause a Break in Market Structure (BMS) , due to this incident and the downward trend that has been going on for about 4 months. I give the probability that the price will prepare itself for heavier falls to fill a series of old liquidity voids ! In front of the price, there are different demand levels that can cause positive reactions and create demand in the short term! The first and most important downward target is the range of $1859 to $1841! The reaction to this zone, especially the $1841 level, will be spectacular! If the price can move below $1805 in the medium term and stabilize below this range, we will probably see more falls in the market and the Possible mid-term and long-term gold bearish targets will be $1787, $1748, $1709, and $1642, respectively! Share this important analysis with your friends! This analysis will be updated every day!
Best Regards , Arman Shaban