Gold has been trading in an ascending parallel channel for a month now and has seen a strong resistance at around $1800 which is a major level even in 2011 when gold gave its all time high, if the resistance is not respected then gold can be seen around the levels of $1900 as its all time high.
on the other hand if gold breaks the channel in bearish stance it will find a minor support at around $1751 while the next Major support being at around $1680, if not respected we can possibly see gold at the level of $1480 and it is a smooth ride down.
This was my 2 cents on gold, trade safe and good luck
on the other hand if gold breaks the channel in bearish stance it will find a minor support at around $1751 while the next Major support being at around $1680, if not respected we can possibly see gold at the level of $1480 and it is a smooth ride down.
This was my 2 cents on gold, trade safe and good luck