gold price made top at 2070 since than it is making lower low with lower high
first it makes support than breaks than retest
for current gold rally it has no virgin support to retest after being broken
and we have white descending trend line which is our dynamic resistance
but i have 1711 and 1734 as static resistance
so either price reverse from above level or 1614 was bottom for gold price and fed will pivot in Q4 2022
or there is a chance price makes correction to whole trend by going back to 1800 resistance than crash to 1450 the cororna virus market bottom
but at current price 1711 gold price is too confusion , it need breakout for next clear direction
first it makes support than breaks than retest
for current gold rally it has no virgin support to retest after being broken
and we have white descending trend line which is our dynamic resistance
but i have 1711 and 1734 as static resistance
so either price reverse from above level or 1614 was bottom for gold price and fed will pivot in Q4 2022
or there is a chance price makes correction to whole trend by going back to 1800 resistance than crash to 1450 the cororna virus market bottom
but at current price 1711 gold price is too confusion , it need breakout for next clear direction
