Gold dropped the deepest point to 1907. The price range from 1907-1921 we all know this is the "old peak" of 2011

 

📕 Comment on Gold on March 16, 2022:


 - Yesterday, Gold dropped the deepest point to 1907. The price range from 1907-1921 we all know this is the "old peak" of 2011. If Gold drops through this price range, the possibility of a down cycle will be  reappeared.  Currently, there is not much news about the negotiations between Russia and Ukraine and the market may need to wait for new information and the old information on the chart has already shown.

 - My personal opinion in today's trading session 1907 is quite important. If Gold does not break this price range, the possibility of an increase is still there, but if it breaks 1907, I will change my view.  point and sell down with this precious metal.

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