Technical analysis of GOLD 05/06/2022

Gold has broken through the support of 1900.00 (61.8% Fibo). The price dropped to 1850.30 and is currently in the 1875.00 area.

The technical picture shows the transition of the correction into a downtrend and suggests the development of a decline in the area of 1785.00.

Resistance is the level zone 1900.00.


Created by Joshua Hayn

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