Analisi tecnica dell'oro

The price of gold has noticeably declined during recent trading sessions, and prices have broken below the ascending price channel levels. Now, if the price remains below the lower boundary level around 1950 and stays below it, there will be a strong selling opportunity with targets reaching 1925 as the first goal. However, if the price moves upwards and breaks above these levels, the likelihood of an upward trend becomes more probable.