GOLD ! Continuing to fall to the liquidity zone 🥶

GOLD is trading under a downtrend channel between 1725 and 1690. Earlier, the price formed a local low towards the support and the liquidity zone at 1690, but it failed to reach a few tens of points and turned around, which usually hides a market maker's trap.

On the chart, we can see that the price tested the pullback resistance at 1724.2 and it went back down to 1707

I assume that the fall of the price will continue, as there is still a current liquidity zone below. The short-term target is support at 1690.

Sincerely R. Linda!