Sorry friends, I had prepared this analysis chart since the beginning of the week, but due to illness, I could not present an analysis about gold this week. Current analysis shows the likely path of the gold price. Next week, with better energy, I will start the detailed analysis of gold again. In my opinion, everything you need to know at this stage of the gold price movement is in the chart.
If the price breaks bellow the daily Bollinger midline or stabilizes below the trendline, the bearish scenario probably will occur.
Targets are shown on the chart.
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After falling below the trend line, the price activated the bearish scenarioโ๐ฅ. Further, the bearish scenario will continue as long as the price is below the Bollinger Midline.๐ฑโ๐คโ