What happened? Gold was just above $1 800, now - back down below?
GOLD: bearish 'High Wave' pattern
Information is not investment advice
There're bearish patterns such a 'High Wave' and a 'Tower', which both have been confirmed, so the price is declining. In this case, it's likely that the market is going to test the next support at 1263.60 in the coming days. If a pullback from this level happens next, bulls will probably try to reach the closest resistance at 1283.62.