GOLD Technical Analysis

GOLD went below the order block
The price might retest 1800
1793 is the final target
W L3 is important level

DAILY CHART GOLD

Top of the price
Higher high
The Megatrend cross
The first target

The price is currently bouncing off the zone. We could see a continuation down if the market gets bearish momentum.ﾂ As the price is struggling to go further up, traders might be looking to liquidate some of their longs, thus accelerating the move down. If we see a bearish momentum look for W H3 camarilla pivot as the next target -1800. Further continuation down suggests W H4 camarilla target 1793. It is the end of year profit taking so we should see volatility in next few days.