Gold will be bearish in the next month 🧨

Due to the exit of gold from its 6-month ascending channel, it is expected that you will go through a mild downward trend in the next month. Also, gold lost the 0.786 Fibonacci support and broke the 1960 support. It is expected that the downward trend in the price of gold will continue until the support of 0.618 Fibonacci and reaching the support of 1870. After this number, according to the decisions of the Federal Reserve next month regarding the interest rate, gold may be on a new upward path.