Gold is falling to the area of a local support of this month at the level between 1790-1800.
The latter level is round, and thus might be strong.
Having gained energy within this zone, gold is likely to get back to moving up.
There is another possible scenario: if gold breaks the level and consolidates below 1790, then it will open its road to targets even below that value. Supposedly, 1770.
This content is for informational purposes only and is not intended to be investing advice.
