With yesterday's trading, gold rose to touch the level of $ 1348 an inch, and it technically represents the upper bound of the ascending channel in which it is going, then the pressure returned to decline, forming a negative daily candle to trade at 1334 Dollars, and following the release of the US Federal Minutes report yesterday, which emphasized the continuation of the policy of raising interest on the dollar for this year, also investors are still watching what will emerge from the Sino-US trade war disputes, especially after the first of next March, the date of the end of the current trade truce

So this decline in gold prices does not come from a vacuum but rather from a number of technical and economic reasons, and it is also apparent on the chart pages of the presence of clear negative breakthroughs on the indicators of relative strength and also A hitting the top of the ascending channel, as mentioned above, it is important to follow the trigger line or as I like the name Trigger LIne, which is located during the upcoming sessions at $ 1315, so closing outside this bullish track and outside the trigger line will push gold prices to more rapid declines towards 1240 Dollars and 1196 dollars minimum

Recommendation: Sell from the current levels of $ 1335 with a stop at $ 1365, with a first goal of 1240 and a second goal of $ 1196.

My best wishes to all friends, good luck!