Hi all! We still haven't seen new highs from gold, and it looks like the bulls are running out of strength. Most of the long positions were closed, but no other long positions were opened. In the near future, the support level of 2001.90 (minimum January 17) will be tested. I can’t say yet, but there is a high probability that this level will be broken and then the quotes will drop even lower - namely, according to my assumptions, until 1960. This is one of the scenarios. Of course, a development of events is possible in which the price stops at this level and then tries to go up again.
Have a good weekend!
Have a good weekend!