gold has lost a very important solid support level. this level hasn't been broken since JUN 2020.
by the time is moving into a local daily channel. we also have a hidden gap in lower timeframes caused
by last daily long Bar candle. so either this gap needs to fill or continuing the drop the next important
support level that price may hit would be around 1636$.
you can see 4h chart for more details.
Enjoy the market
Transaction en cours:
pulled back from the area
Trade fermée: cible de profit atteinte:
as expected price declined during last week and seems bearish yet.
now this critical zone must be watched to see which side to follow