Gold Rally Cracks: To What Extent XAU/USD Could Fall?

Two potential price objectives come up from the recent price action. On the hourly chart, the break below a horizontal trendline from the end of May has triggered a minor descending triangle, with a price objective of around 1890.

On the daily charts, the rebound at the beginning of the month was feeble, retracing only 38.2% of the May decline. A measured price objective of the May downs, points to a fall toward the 200-day moving average (now at about 1852).

XAUUSD SELL LIMIT 1927 - 1931 💯💯

✅ TP1: 1921
✅ TP2: 1916
✅ TP3: 1909

🛑 SL: 1936

Comment:

Please wait patiently for the brothers

Comment:

Gold is running in the right direction