What happened? Gold was just above $1 800, now - back down below?
GOLD: 'Tower' pushing price to 'Window'
Information is not investment advice
The last bullish 'Tower' led to the current upward price movement. However, we've also got a bearish 'Harami', which hasn't been confirmed yet. Therefore, the market is likely going to test the upper 'Window' (1328.48), which acted as resistance before. The subsequent pullback from this level could lead to a local decline towards the 55 Moving Average.