GOLD has closed below 1235 and now looks like it is consolidating at 1218
It has also tagged AB=CD @ 162 could this be the end of it and now move to the upside or still continue lower?
breach below then there is support between 1207-1200 which can be potential support as long as prices remain above 1190
CLOSE below 1190-1180 then lower prices and potential test of 1150-1120 or even lower in the coming months.
Upside confirmation on close above 1235-1260 in the mean time downside/consolidation probable.
It has also tagged AB=CD @ 162 could this be the end of it and now move to the upside or still continue lower?
breach below then there is support between 1207-1200 which can be potential support as long as prices remain above 1190
CLOSE below 1190-1180 then lower prices and potential test of 1150-1120 or even lower in the coming months.
Upside confirmation on close above 1235-1260 in the mean time downside/consolidation probable.
