For the
On the H1 chart, the price is forming a false break of the support of the 2020 range and is heading towards resistance to retest this area.
The market still wants to take the price lower as there is an area of imbalance and interest for the market below the 2000 - 1975 area, but amid strong market manipulation by the Fed, the asset is trading slightly higher than it should be.
Support levels: 2020, 2015
Resistance levels: 2030. 2038. 2050
Still, we expect a decline after the resistance retest. The market is recovering fundamental background, within which gold may test lower support levels.
Regards R. Linda!
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