Gold will probably retrace at the zone, and continue for bearish continuation at the first target area. Let's see
Level 30 is a weekly demand area, the likelihood of hitting it is there, based on daily momentum. We will monitor PA closely once the price reaches that area, to hold or reject lower. The major trend is still bearish af :)
Dependent on daily increasing momentum, there is a chance of reaching daily resistant at 23.5 zones. If that level hold, chances of getting higher to T2 is possible. However, the overall longer-term is still bearish
Bearish continuation continues if daily support 23 zone is broken. Based on daily momentum, most likely it will break rather than hold. The next target is at USD 12 zone
I expect that Gold will return to the 1622 region before going higher. The overall trend is still bullish
Based on weekly forecast with target forecast.
Oil is finding support. If the support hold, potential double bottom in the making. If the support break, to the next gate lower.
If it doesn't recover from this area, potentially bearish continuation until the next gate.