✴️ GOLD Daily timeframe. February 23

On Wednesday the futures market closed at lows.. Since the opening of the session, buyers tried to strengthen a bit, but all in vain.

1) Yesterday's closing candlestick indicates the potential for a continuation of the move down
2) The key level is 1824
3) The near retest foretells an attempted breakout. Hence we have lots of chances that the support zone can be broken through.
4) Breakdown of 1824 will open the potential for falling towards 1786 (bearish range).

The end of the correction might end up in the 1825-1820 area, if the price breaks through the zone and strengthens under it, then a bearish momentum will mean the formation of a bearish trend, similarly, but in the other direction, for a bullish trend.