We previously spoke of this weekly retracement which became a heavily drop from lower time.
Now the gold price is approaching the point of interest where we will look for market shift to bullish profile so that we will buy on a discount.
Gold price broke support 1925.47, it is now resistance to confirm further drop to our high time frames support between 1842.57 - 1781.50 which also visible as strong support even in lower time frames
If the price continues to drop and break 1781.50 there will be a possibility for it to go further to support 1631.33
Now the gold price is approaching the point of interest where we will look for market shift to bullish profile so that we will buy on a discount.
Gold price broke support 1925.47, it is now resistance to confirm further drop to our high time frames support between 1842.57 - 1781.50 which also visible as strong support even in lower time frames
If the price continues to drop and break 1781.50 there will be a possibility for it to go further to support 1631.33
