Technical analysis of EURNZD
GOLD: confirmed 'Dark Cloud' pattern
Information is not investment advice
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.