Following my previous analysis:
- If Gold breaks the Downtrend line
it might reach our target of 1953.297 where have tested before on the 6th of Jan and find a new support between the levels of 1877.711 and 1855.971
- There is a strong chance to keep a downtrend because there is a Parabolic SAR sell confirmation AND THE MACD levels are (-2.320, 130.200 and 132.509 and going down) and RSI on 57.96 going down, on the Monthly Chart.
- NOTICE that everything can change after today's news release in the USA, these news will have a major impact on the commodity.
WATCH CAREFULLY
- If Gold breaks the Downtrend line
it might reach our target of 1953.297 where have tested before on the 6th of Jan and find a new support between the levels of 1877.711 and 1855.971
- There is a strong chance to keep a downtrend because there is a Parabolic SAR sell confirmation AND THE MACD levels are (-2.320, 130.200 and 132.509 and going down) and RSI on 57.96 going down, on the Monthly Chart.
- NOTICE that everything can change after today's news release in the USA, these news will have a major impact on the commodity.
WATCH CAREFULLY
