GOLD: Continue to Maintain the Downward Trend?

XAUUSD Gold Traders
05-12

$Gold - main 2506(GCmain)$ $XAU/USD(XAUUSD.FOREX)$

Technical:

From the market structure, since 3200 points to start the rising market, gold did not appear obvious pivot finishing, accumulated a strong pullback energy. H1 trend, the current adjustment is more likely to fall zigzag or rectangular oscillation in the form of the unfolding, rather than a strong breakthrough.

The reason is

1: the weekly pressure level has not been effectively digested;

2: the market has not yet appeared new good drive. The probability of a pullback in the short term is much greater than the continuation of the unilateral upward trend.

It is expected that after the opening of next Monday, gold will continue to maintain the downward trend, the transaction to maintain the main sell orders!

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