The next technical scenario expected on Gold @ 1645 $
On technical wise :
There are 3 technical reasons to sell Gold at current price 1737 $ now and buy it again at price 1645 $ :
Reasons :
1- Down trend on monthly and weekly frame and the price moving inside clear down channel
2 - Bearish flag pattern on frame H4
3 - The first and nearest strong support level is located on 1645 $ so we can consider it as departing point to up trend again .
let's see what's gonna happen till next Friday ( with news ) or next week maximum
There are 3 technical reasons to sell Gold at current price 1737 $ now and buy it again at price 1645 $ :
Reasons :
1- Down trend on monthly and weekly frame and the price moving inside clear down channel
2 - Bearish flag pattern on frame H4
3 - The first and nearest strong support level is located on 1645 $ so we can consider it as departing point to up trend again .
let's see what's gonna happen till next Friday ( with news ) or next week maximum