Price retesting a major support zone on HTF at 1680.50 & also facing recent resistance at 1690.93 while moving in a downtrend. now if price respects the recent resistance and breaks & closes below the major support zone then gold could continue pushing down creating new lower low.
However if gold respects the support and makes a breakout of the resistance then price could continue pushing up to next resistance at 1697.82 or all the way to 1706.66 as a retracement move.
However if gold respects the support and makes a breakout of the resistance then price could continue pushing up to next resistance at 1697.82 or all the way to 1706.66 as a retracement move.
