From whats seen theres a impulse in the range and its bearish
Close engulfing below support that should've held 1776 but bounced up due t formation of base (stabilization)
-today started with a gap that bears might want to keep close
This was a turning point zone for a continuous move into 1600 flat but as we saw it bottomed out 30*% into the 16k
So seeing its not in a rush we can keep increasing downward projection into the 1500 flat to 1450 zones as that is guarding the 1400_1200 .. gold shall not go below those figures as its the cheapest it shall ever bee starting from this decade 2020
Close engulfing below support that should've held 1776 but bounced up due t formation of base (stabilization)
-today started with a gap that bears might want to keep close
This was a turning point zone for a continuous move into 1600 flat but as we saw it bottomed out 30*% into the 16k
So seeing its not in a rush we can keep increasing downward projection into the 1500 flat to 1450 zones as that is guarding the 1400_1200 .. gold shall not go below those figures as its the cheapest it shall ever bee starting from this decade 2020
