The gold spot value has created a kind of channel or flag formation.
It may fall to 1679.876 price level because gold spot has been overbought and the U.S Dollar will definitely gain currency strength this week since the U.S Index has its reached support level.
So price may move up and down within the channel created or may break out at the upper side if its truly a flag formation.
It may fall to 1679.876 price level because gold spot has been overbought and the U.S Dollar will definitely gain currency strength this week since the U.S Index has its reached support level.
So price may move up and down within the channel created or may break out at the upper side if its truly a flag formation.