GOLD updating the forecast. Next - FALLING

The price continues to be in the support-resistance zone 1737.07. From this point, she has two options for movement. We talked about the first option yesterday - this is a rise to resistance and only then a fall. Today we will consider the second variant of the price movement.

Since the zone is quite strong - both of its lines, both support and resistance, formed last summer, we can assume that the price will reverse from the upper line of the zone - the resistance line of 1739.72. Then it will be able to break through the support line 1728.22.

After the breakdown of this line, the price will work out the correction and fix on it at the point 1715.60, and only then will it continue to fall. During the fall, the price will come to the support line 1654.95. This will be our goal.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻