gold 01.06.22

1 thg 6, 2022

gold broke out of our two week range to continue with the bearish pressure on the monthly timeframe. the bearishness is most likely going to continue and we have to take advantage of that. on the weekly and daily timeframe we have clean traffic to our left which means price has high chances of falling, however, we have a minor zone on the 1hr timeframe at 1828.45 which means price will reject a bit on this lever or even try to retest 1843.040 1837.30 before it goes lower. I would watch out for those levels.