Looking back on our Gold daily chart we can take note of the fact that Gold was in a relatively strong uptrend throughout the first half of this year; however in the beginning of June 2023 we saw breakout of the 5 month uptrend after which price attempted to push back up creating a new residence at 1979.70 before pushing back down.
Now looking forward we can expect Gold to push further down to 1855.29 before heading up to our active sell zone between 2008.63 and 2016.55 after which we can expect Gold to start plummeting all the way down to our 1737.90 and 1726.57 area respectively.
Now looking forward we can expect Gold to push further down to 1855.29 before heading up to our active sell zone between 2008.63 and 2016.55 after which we can expect Gold to start plummeting all the way down to our 1737.90 and 1726.57 area respectively.
