Downswing slowed down a little at the area of support 1218.34, that is normal - gold “respects” levels. Nevertheless, the decline potential isn’t used up and we can expect further ease of the quotes in direction of the 1208.00-1209.00 region, that is conditioned by implementation of bearish pattern O&U.
Local structure after short pullback again switched to trending swing phase. Thus, we can expect continuation of market decline in direction 1208.00-1209.00.
Continuation of decline in direction 1208.00-1209.00.
Shorts in direction 1208.00-1209.00.