GOLD Technical Analysis

Bullish trend
The price has reached technical sellers
Selling zone
Retracement is possible

Resistance area
Support area
Sellers zone

Gold has been in the uptrend the whole week. The price started to climb from 1764 M L3 camarilla level all the way towards 1866 zone. Today it's Friday and we should see some profit taking. However, the daily close will be important. If the daily candlestick closes like Inside bar or as any other stronger bearish pattern, we should see a drop next week. The first target is 1832 followed by 1820 and 1801. Have in mind that GOLD is still bullish so any retracement trade should be protected at above-mentioned levels.