GOLD completed 3rd test of channel support

We have seen gold fall below the key support level of 1765 indicating that the bears have confirmed control to take this market lower. The 3rd test of our long-term bear channel leaves us waiting on signs of reversals.
A falling wedge can be seen on the 4hr which we await confirmation on now.

Kommentera:

Bulls should have eyes all over this chart for an entry point.