Gold's monthly chart shows a break down of the uptrend line since 2018-2019 is in progress. RSI14 indicator also confirms a break down in progress.
Gold bulls are in big trouble if gold cannot reverse and close this month above 1780-1800 a.k.a the pivot area.
Thus, bears have upper hands as long as gold stays under the pivot area 1780-1800 and will try to drive gold toward the next monthly support level at 1500-1560 area.
Gold bulls are in big trouble if gold cannot reverse and close this month above 1780-1800 a.k.a the pivot area.
Thus, bears have upper hands as long as gold stays under the pivot area 1780-1800 and will try to drive gold toward the next monthly support level at 1500-1560 area.
