๐Ÿฅ‡GOLD - Bearish market situation. We are waiting for a fall

GOLD is forming a retest of support after a long consolidation. From the level of 1815 a small bounce may be formed before further decline, or a break of the level with further consolidation below 1815, which will form a selling entry point.

TA on the high timeframe:
1) Candlestick analysis implies further decline
2) Strong consolidation near an important level - readiness for a decline
3) No strong bullish pullbacks yet. Buyers are weak

TA on the low timeframe:
1) Support retest may provide a bounce for a subsequent retest
2) Another support retest will lead to support breakout.
3) The main target at the moment is to break the support and go down to 1800.

Key resistance ๐Ÿ“ˆ: 1824, 1828
Key support ๐Ÿ“‰: 1815, 1807.9
Chart PatternsDXYFibonacci RetracementFLATForexGC1! (Gold Futures)GoldTechnical IndicatorssignalsTrend AnalysisXAUUSDZigzag

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