Gold failed to break above the 61.8 Daily Retracement for a potential bullish momentum to 1834, retesting the SMMA 50 and rejected.
That being said, gold created a strong bearish momentum to 1791.
With the previous bullish structure broken on the daily timeframe, we can expect a further move to the downside and potentially around the 1778 area or WWW.TRADINGVIEW.COM/X/GQZDXDCS/
That being said, gold created a strong bearish momentum to 1791.
With the previous bullish structure broken on the daily timeframe, we can expect a further move to the downside and potentially around the 1778 area or WWW.TRADINGVIEW.COM/X/GQZDXDCS/