Gold in a possible downtrend after recent uptrend. Price has rejected the 200sma for the second time in the bearish zone. I expect price to each 1240. We'll then watch how price reacts at this level, could potentially fall to 1220 and lower.
Price appears to be in a downtrend for the foreseeable future. Price has declined since a bearish pin bar formed off the 200sma in my bearish zone on the daily tf. Price also most recently broke minor support on the daily tf. Hoping for a retest and continuation to get in short to next daily minor support.
Gap still yet to be filled. In an uptrend on higher tfs. Price has broken the 200sma and retested, now clearly stalling. Good time to get in for the gap fill. Price can potentially reach 20775, we'll see how price reacts if it reaches target.