✴️ GOLD Daily timeframe. February 16

Gold continues to decline. Yesterday's candlestick closed close to its low, which suggests that the decline will continue

1) Local trend is bearish.
2) The price tends to the 1823 liquidity area.
3) Below 1823 is the contagion zone and it will be very difficult for the price to pass
4) Daily RSI is in the oversold area, in the near future the indicator may show a bullish signal
5) There are no local levels for buying, so we should expect the testing of 1823