Gold is moving in yellow channel and with down trend. It is about to bounce down from the yellow line.
- If it bounces down, the movement can continue to the bottom of the yellow trend and it may break it down to 1992 level.
-If it does not, it has space to move until 1207 and then may bounce down from there.
- If it bounces down, the movement can continue to the bottom of the yellow trend and it may break it down to 1992 level.
-If it does not, it has space to move until 1207 and then may bounce down from there.