The last line of defense for the bulls! Gold is churning lower—testing 4220. If it breaks 4200, it will trigger a deep, massive sell-off!
$XAU For the smaller timeframe, gold is still in a downtrend. However, volatility is much lower right now. For the downside, continue to watch the support zone at 4220–4200. If it breaks, then the impulse wave attempt fails, leading to a deep retracement or a new leg down!$XAUT
$XAU For the smaller timeframe, gold is still in a downtrend. However, volatility is much lower right now. For the downside, continue to watch the support zone at 4220–4200. If it breaks, then the impulse wave attempt fails, leading to a deep retracement or a new leg down!$XAUT
