A possible scenario for gold
The possibility of starting a downward trend until the minimum level of 61.8 Fibonacci
The possibility of correcting the price up to the range of 1807-1803 and then increasing the price for the new ceiling
The possibility of the formation of a new price peak and then the beginning of a downward trend and the formation of a new bottom
My Dear Friends,
My technical analysis on this pair is below:
BIAS: Bearish
ENTRY: 1.38110
TARGET: 1.34400
STOP LOSS: 1.41800
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WISH YOU ALL LUCK