GOLD ! Continuation of the fall below the level of 1822.6

13 May 2022

Gold continues to trade in the descending channel and quite confidently fulfills the channel borders and resistance levels. Yesterday's forecast gave a movement of more than 350pips in our direction

Gold made a false breakout of the local level of 1822.6 and without a deep pullback (until 1829.4) the price returns back to the level for a possible breakdown and continuation of the fall.

I assume a breakdown of support at 1822.6, followed by gold fixing below the level and the price falling to a strong liquidity zone of 1796.8

Sincerely, R. Linda!

14 May 2022

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