GOLD 2nd of February

2 thg 2, 2021

As we can see on the chart gold is a nice bearish trend for last few days. The RSI stays between 40-50 so thats confirms my theory. Using the Keltner indicator we can see that gold the last couple of days is starting to break through and getting lower even faster. Support is the same level as the 0.382 fib retracement. If it breaks though we go for the 1820 zone otherwise if it bounces on the support we go for the 1870 zone. More confirmation is needed.