as long 1817 support not broken, because if broken possible drop to 1770
btw the signal really hard to read careful trading gold before the monthly close
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based on old ideas or chart 1. retest 1828 2. under 1816 not bullish signal 3. still favor 188x area for June retest, as long there is a signal above 1850 (example hit 186x before drop again) 4. fear of 1770 as sign of dropping lower to 1720 area
homework: 1. unclear signal on daily, June could go above 1880 or under 1780 2. 4H prepared for strong bear (need monitoring for more signal) 3. but doubt it LOL (smell like fake bear) 4. so let's see failed to break support on 1816 or not, but as you can see I already set 1770 as target if under 1816
note: 1816 just my imaginary number could be wrong, don't trust 1816
I still want to target 1940, but as you can see my brain and my hand work together to draw a bear flag , I cannot argue without more PA or more signal, because only god know gold break 1892 resistance or not later
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speculation from 188x to 1920 / 1940/1970 first draw bear flag
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then bear flag broken it making 3 line channel
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then it become bullish channel 3 line
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but later can become a very simple 2 line bullish channel again
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