✴️ GOLD Daily timeframe. February 13

Gold goes down from the local consolidation and prepares to fall further

1) The local level of 1858.97 is formed on the chart, a breakdown of this level will generate an impulse to go down
2) The price is in the correction phase, which after the second impulse may hint at trend reversal
3) The range of 1869-1824 is forming, the price can go to 1824 from the resistance.
4) The global trend is still bullish and the price is in the correction stage
5) Indicators show bearish mood