Gold failed to breach the resistance 1827.20, then returned to complete the descending path within the descending channel shown in the chart. And it reached the support level 1810.90 and is trying to breach it, and the target will be the level of 1780.00.
The moving averages formed resistance levels …
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Yesterday, gold traded positively and rebounded to the upside, and was able to reach the resistance 1827.20, which constitutes the upper limit of the descending channel shown in the chart. Therefore, the price is considered to have achieved all its short-term targets. Therefore, the bearish trend scenario will continue as …
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