Gold extends decline

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The decline of the yellow metal has reached below the 1,785.00 level. In the meantime, it has been spotted that the decline of the yellow metal's price has been occurring in a narrow channel down pattern.

If the bullion continues to decline, it could do so in the borders of the pattern. A potential decline of this kind would find support in various round price levels. On the other hand, note that the commodity could be considered oversold. Due to that reason, a potential recovery of some sort might occur.

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Mon, 31 Jan 2022 11:47:04 GMT

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