Pivot point: $1800.
The expected scenario: entering into short deals at the lowest levels of 1800 dollars, targeting the 1755 levels.
Alternative scenario: entering long positions at the highest levels of 1800 dollars, targeting the levels of 1833 dollars.
Commentary: The smaller metal witnessed a change in the general trend, after breaking the ascending price channel, to record a sharp downward wave, and after the price rose during yesterday's trading, Wednesday, within the framework of The corrective wave, and the retesting of the $1800 levels, which it actually failed to breach, took to complete the current downside wave to target the $1,755 levels in the short term, especially in light of the price breaking the moving averages (50-100), which confirms the negative outlook for trading. Gold in the short term.
