Gold is moving in a Bearish channel. Yesterday Gold made a double top at 1927 and a Higer low of 1926 and after moved quickly downward breaking the symmetrical triangle. Price tested the Trend line back at 1919 and continued to move downwards.
Charts exhibits Head and shoulder pattern. And price currently below 200 SMA on 4H and Daily TF. DXY has crossed the 106.00 a significant level.
I am expecting further losses in Gold. My Target for today/tomorrow's sessions is 1902 support level. Price action Sell on strength. Graphical representation as per charts.
Good Luck!
How do u see my analysis . Let me know in comments
Charts exhibits Head and shoulder pattern. And price currently below 200 SMA on 4H and Daily TF. DXY has crossed the 106.00 a significant level.
I am expecting further losses in Gold. My Target for today/tomorrow's sessions is 1902 support level. Price action Sell on strength. Graphical representation as per charts.
Good Luck!
How do u see my analysis . Let me know in comments