Current price: 1944
Key point: 1960
Our preferred direction: short positions below 1960 levels, targeting 1900 as a first target, then 1885 as a second target.
Alternative scenario: stop loss and change direction by breaking the 1960 level, targeting 2002 levels
Technical comment
The bull climbed strongly last week and reached the 2000 resistance levels, forming the harmonic ALT BAT pattern, and fell below the 1960 pivot point, so that the bearish correction for gold is expected to begin, to reach the support levels 1900-1885
