Current price: 1961
Key point: 1970
Our preferred direction: Short positions below 1970 levels, targeting 1935 as a first target, then 1915 as a second target.
Alternative scenario: stop the loss and change the direction by breaking the 1970 level, targeting 1985 levels
Technical comment
Gold reached resistance levels on the daily time frame 1967-1983 and fell from it, and with the presence of a harmonic alt bat model, it is expected that gold prices will fall to the level of the rising trend from the bottom of last November at the support levels 1935, and then continue the rise again
