Maybe a bear trend for GOLD is about to start.

20 ביולי 2021

As it is obvious , we can see that a bullish trend line has broken. Moreover the divergence in the RSI indicator warns us about the beginning of a bearish situation. The chart was supported around the 0.5 level of Fibonacci retracement and if in this time this zone wouldn’t help the chart in its bullish way , we guess that it will fall to 0.7 level of Fibonacci which is around the 1770$ per ounce.