Gold is in a uptrend and moving in the ascending channel. The price has pushed up and touched the centre of the channel. If prices fail to break here we can expect some downward pressure. Although price is creating HL and HH, the momentum on the bearish candles has been very heavy. If price breaks the channel below 1789.00 then we can expect a price drop to 1753.
Target: 1753 if prices breaks through 1789
Target: 1753 if prices breaks through 1789