Gold is bouncing in a parallel channel on daily. But I'm publishing weekly chart, because this is where the price action is clear to see.
If gold breaks down through 20 ema (purple solid line), next support is weekly 50 ema (yellow crosses), as it has reacted on strong support in Mar'20 - expecting the same at least for a bounce.
If gold breaks down through 20 ema (purple solid line), next support is weekly 50 ema (yellow crosses), as it has reacted on strong support in Mar'20 - expecting the same at least for a bounce.