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There's a 'Dark Cloud' pattern, which has been confirmed, so the price is declining. It's likely that the market is going to reach the closest support at 1262.05. This level could be a starting point for a local upward correction towards the previously tested 'Window' (1281.18). At the same time, if we have a pullback from this level, bears will probably try to achieve the next support at 1240.71.
Jump in to get the technical analysis of GBP/JPY and GBP/USD!
How to trade the gold price while it's oscillating between 1 837 and 1 864? Read the article, and you'll know how!
US President-elect Joe Biden proposed a $1.9 trillion stimulus plan to jump-start the world's largest economy and accelerate its response to COVID-19
Jump in to get the technical analysis of GBP/JPY and GBP/USD!
How to trade the gold price while it's oscillating between 1 837 and 1 864? Read the article, and you'll know how!
US President-elect Joe Biden proposed a $1.9 trillion stimulus plan to jump-start the world's largest economy and accelerate its response to COVID-19
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