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NEW FORECAST
H4
hello guys its weekend hope you had a successful week .as i told you gold went up to make a major lower high and today fell and came back to the downtrend . it was a false break out.
buyers tried to broke strong 2400 resistance but again price rejected from this level and bounced off to the support . many signs show us gold is bearish for long term . price make a head and shoulders pattern and made a clear downtrend .
bearish movement is still continue .
the price broke strong 2320 support level in the past price rejected from this level a lot but this time break out. i expected gold pullback to the support and then continue downtrend.
as i expected gold made a new lower high and fall
again price back to the downtrend