Gold has not stopped falling
Hello everyone. Gold continues to fall below the 1910 USD/ounce mark. Up to now, gold price has decreased slightly at 1,909,300 USD/ounce in the context of a stronger USD. In addition, expectations that the Federal Reserve will maintain stable interest rates in the upcoming policy meeting also increased sharply, limiting gold's decline.
Looking at the technical picture of Gold on the 4-hour chart, we can see that the gold and USD pair has returned to the support line.
_Given that the trend line remains intact as a rule, we must stick to the script and aim lower. That means we'll probably put that plan into action. If that happens, there is a high possibility of a slight recovery and then breaking the support level and reaching 1888 or 1890 USD. Multiple sellers can be invited to join the market.
Looking at the technical picture of Gold on the 4-hour chart, we can see that the gold and USD pair has returned to the support line.
_Given that the trend line remains intact as a rule, we must stick to the script and aim lower. That means we'll probably put that plan into action. If that happens, there is a high possibility of a slight recovery and then breaking the support level and reaching 1888 or 1890 USD. Multiple sellers can be invited to join the market.
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