Gold is unchanged so far.
Yesterday XAUUSD dropped below a strong resistance level. Reached Target - support level 1870.
As we can see some strong reversal pattern is forming here too and we may expect dump soon some targets and support ahead is mentioned on chart.
Possible breakout of the strong support line and test of 1800-1770$
Experts see the middle high is higher than left one and right and this is creation of Head and Shoulders too.
We can consider neckline around price 1890 and if that support break then pattern is completed and that would be first sign of weakness.
The analysts predict strong fall, before going in a long direction for targets zone 1950=2000$.
Yesterday XAUUSD dropped below a strong resistance level. Reached Target - support level 1870.
As we can see some strong reversal pattern is forming here too and we may expect dump soon some targets and support ahead is mentioned on chart.
Possible breakout of the strong support line and test of 1800-1770$
Experts see the middle high is higher than left one and right and this is creation of Head and Shoulders too.
We can consider neckline around price 1890 and if that support break then pattern is completed and that would be first sign of weakness.
The analysts predict strong fall, before going in a long direction for targets zone 1950=2000$.