Another support, and apparently there will be a breakdown.

Gold quotes have come up and are already testing the next support at 1909.80 with all their might. After a breakout, you can open a sale. You can take profits in the area of the previous minimum in the area of 1900, but in all likelihood there is a chance to reach 1880. The current support of 1909 is now important because the last lower line of the Fibonacci fan, built from the impulse of the end of summer of the previous year to the last maximum value, passes through it on the chart (I talked about this fan in one of the previous posts). A breakdown of the last supporting ray of the fan may mean that quotes are ready for a long-term decline.