New pattern for gold. Bearish target: 1925.
Gold finished short-term bullish move after 3 weeks.
Critical positions 1965, 1950 broke. Gold will start bearish move as from 1965 down trend, targeting 1925. We've opened bearish orders at 1980.
We are still holding small amount of buying orders opened at 1894 with SL at 1914. If 1915 breaks, long-term bearish target 1810 will be expected.
* 1st resistance: 1950-1955. 2nd resistance: 1965.
* 1st support: 1920-1925. 2nd support: 1915.
Critical positions 1965, 1950 broke. Gold will start bearish move as from 1965 down trend, targeting 1925. We've opened bearish orders at 1980.
We are still holding small amount of buying orders opened at 1894 with SL at 1914. If 1915 breaks, long-term bearish target 1810 will be expected.
* 1st resistance: 1950-1955. 2nd resistance: 1965.
* 1st support: 1920-1925. 2nd support: 1915.