Gold (H4) is trading below the day's opening level of 2386.00 and below the daily Pivot level of 2377.00, major indicators are showing bearish signals and the price is below the MA72 trend line, where volume unloading usually occurs. If the price rises above the level of 2343.00, I expect further upside towards the level of 2365.00 and possibly 2377.00. If the price drops below the level of 2332.00, then I expect the pair to decline towards the level of 2330.00 and possibly 2325.00. The pair is trading above the monthly Pivot level of 2169.00, below the weekly Pivot level of 2377.00, and below the daily Pivot level of 2377.00, indicating a corrective sentiment for the pair. Above the level of 2350.00, gold will move north, below the daily Pivot level of 2377.00, the pair has entered a correction. The correction below the weekly Pivot level of 2377.00 has only intensified.
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