Gold :- more fall ahead

From the chart, we can observe key indicators like moving averages, support, and resistance levels. To predict the next price direction:

1. **Current Price**: The gold price is near $2,609, testing the support level.
2. **Key Support Levels**:
- $2,618.889: Acting as immediate support (blue line).
- $2,485.654: A stronger support further below (purple line).
3. **Resistance Levels**:
- $2,637.550 and $2,660.459 are nearby resistance levels (green and red lines).
4. **Moving Averages**:
- The price appears below key moving averages, indicating bearish momentum.
5. **Trend Analysis**:
- The price is consolidating after a drop, showing potential for continuation if support breaks.


Key observations:
1. The immediate support at $2,618 might be tested soon.
2. If this level holds, we may see a bullish reversal targeting $2,637 or $2,660.
3. A breakdown below $2,618 could lead to a drop toward $2,485.