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Gold extending decline towards 1817

Started by PocketOption, May 11, 2022, 10:01 am

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PocketOption

May 11, 2022, 10:01 am
Gold extending decline towards 1817

Gold’s near term decline resumed overnight and broke through 1850.18 support. Near term outlook now stays bearish as long as 1909.57 resistance holds. Next target is 100% projection of 2070.06 to 1889.79 from 1998.23 at 1817.86. The whole fall from 2070.06 is seen as the third leg of the consolidation pattern from 2074.84 (2020 high). […]


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