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Fall in the price of an ounce of gold - H4

The global gold ounce, which started at the low price level of $ 1917, stopped after recording the $ 1684 price floor and corrected the recent downtrend market to the resistance level in 1835-1835. Also, market price movements were limited between the two uptrend lines. In yesterday's report, it was pointed out that the price of gold is likely to fall, in today's trading, the market has crossed below the uptrend trend and the moving average of 50 (bold blue line) in continuation of sales pressures. Since the ounce of gold has broken these levels, the market is expected to move first to the 200-day moving average (bold blue line) and then to the brief support of $ 1785.



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