Gold stalls at around 2661. My expectation of move much lower.
The Gold price is struggling to move above 2660.
It very recently pulled back to 2558 and then tried to retest 2661 but failed again.
Price is now at 2660.50
Keep an eye on this
Goldweak
Gold Price is starting to look weaker. Hourly Chart.
See in this hourly chart for XAU-USD earlier in the Asian Monday session price fell through an hourly trend line (yellow) and then falling straight through the Ichimoku Cloud.
Gold Futures nearing major dual support ZoneGold is approaching a major dual support zone of 49702 and 49245. If these 2 supports are broken we can see a correction in Gold. In case of breaking the supports Gold can go to 48276 or 47362 levels. On the upper side 50352 and 50895 will be major resistances. Everything depends on Pivotal support of 49702. Gold looking really weak here.
