GOLD has once more adhered to the upper boundary, showing resilience against the hourly resistance near the 2040 mark. Anticipating a downward movement, we foresee a retreat in prices towards the established bottom support at the 1980 level. Despite the ongoing bearish expectations, it's noteworthy that the breakout on the major trend and bullish channel persists, maintaining its validity. Confirmation of the bearish outlook remains contingent on certain factors. Additionally, the upcoming week brings significant key fundamentals that may introduce heightened volatility to gold prices.
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The Danger Zone ( Consolidation )
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Big Picture with its bullish channel formed.
