✴️ GOLD Daily timeframe. Feb.27 - Mar.03

25. Feb. 2023

Gold confirms trend change to bearish. The futures breaks through the strong trend line, so in the medium term we should expect the price to fall to the area of 1800.1780

1) The chart to the left is a breakout of the strong trend line.
2) The chart on the left - the candle on Friday closes in its minimum, which suggests that the fall and the potential for decline will still continue
3) The chart on the right - the local level is 1809.03, a breakdown of this level and price consolidation under it will send the price down to 1784
4) The trend is bearish, we should pay attention to short deals, and look for strong levels and zones, from which we should consider signals for sale
5) Indicators are in the red zone. The fundamental factor is quite negative for the gold futures
6) The line breakdown opens the potential for the price reduction to the area of 1750-1725