We have seen gold fall below the key support level of 1765 indicating that the bears have confirmed control to take this market lower. The 3rd test of our long-term bear channel leaves us waiting on signs of reversals.
A falling wedge can be seen on the 4hr which we await confirmation on now.
A falling wedge can be seen on the 4hr which we await confirmation on now.
Comment:
Bulls should have eyes all over this chart for an entry point.