Gold

15 May 2023

Price is overall bullish when you scroll out. The Trendline for uptrend has been broken and retested. Price looks like it wants to head towards the next support level 1978 area. This trade could be invalidated based off the fib, price create double bottom off the 78-ext, which is also lining up with areas price has resisted in the past. If it holds it probably would push price to 2040 again but as of right now price seems to be respecting the lower highs and lower lows being created along with the counter trendline. Win Big Lose small.