Hello Traders
As we can see Gold/USD is moving inside of Ascending Channel. Price attempted to break above 1787 several times but it wasn't successful and ended with a drop.
Also RSI trendline in 2hr TF has broken.
We believe that price will retrace a bit toward 1782- 1784 zone and will continue to drop further.
Targets has been shown in chart.
Thanks for Reading
Team Fortuna
-RC
As we can see Gold/USD is moving inside of Ascending Channel. Price attempted to break above 1787 several times but it wasn't successful and ended with a drop.
Also RSI trendline in 2hr TF has broken.
We believe that price will retrace a bit toward 1782- 1784 zone and will continue to drop further.
Targets has been shown in chart.
Thanks for Reading
Team Fortuna
-RC