We are coming to the Monthly candle closure gold is currently at 1658.770 we would like to see gold close below 1665.756 which is the wick on the month of marches candle closure, we have been in a consistent downtrend with no pullbacks for 6 months if we continue with this aggressive downside pressure we could see gold touch the 1451.294 zone by june/july 2023.
However, we have got many areas of sensitivity along the way:
1617
1589
1520
1467
1451
I will follow up on this analysis in 4 days (monthly closure)
However, we have got many areas of sensitivity along the way:
1617
1589
1520
1467
1451
I will follow up on this analysis in 4 days (monthly closure)