Gold recently broke the support but could not manage to hold below it, thereby retracing to 1920.
The price is in the process of forming an inverted head and shoulder.
A daily close below 1890 will invalidate the inverted h&s and open the way for bears to attack 1848.
Alternatively, should 1890 hold and the price breaks above 1910 we could see a rally towards 1945.
It's recommended to wait for confirmation before opening orders in either direction.
The price is in the process of forming an inverted head and shoulder.
A daily close below 1890 will invalidate the inverted h&s and open the way for bears to attack 1848.
Alternatively, should 1890 hold and the price breaks above 1910 we could see a rally towards 1945.
It's recommended to wait for confirmation before opening orders in either direction.
