Gold has been trading downwards. The price tested the level of 1.1122. The price is still trading in the downward Pitchfork cycle and most recently there is potential bull corrective structure that it may end. I see more downside and potential for test of 1.1114 and 1.1071.
MACD oscillator is showing negative reading below the zero
Stochastic is showing fresh new bear cross.
Resistance levels are seen at 1.1126 and 1.1137
Main support levels are set at 1.1114 and 1.1071.
