GOLD : Downtrend Channel

The technical structure favours a bearish bias as long as upper trendline (channel) holds

Bearish Bias

  •  waiting for bearish signal at 1073-1075 or upper channel
  •  Target at 1058 , 1050 , 1046





Warning: Before any investment in Forex you need to carefully consider your targets, previous experience, and risk level. FX trading can result in the loss of your money, therefore, you should not invest capital that you cannot afford to lose.