Gold prices are appreaching the upper line of the corrective channel and 61.8% fibonacci level bearish wave
I was expecting a break below the local support for head and shoulder formation a break above bear TL descending triangle formation
Price is approaching a resistance area which coincides with 50% fibo wait for sell signal
Price is approaching a key support zone which coincides with bull crab wait for buy signal in daily to long
See chart overall trend is Bullish but I think some have decline
Watching this zone for a potential tradesignal Iam expecting test of 1.2370 support area I would look for short signals
IF price break 0.7490 falls to 0..7260 if price movement above 0.7740 increass to 0.8010