The
movement of Gold in hourly chart seen is on bearish bias. Preference
for today is bearish with 2 alternative scenarios. First, watch the
Support 1563.10, if it breaks it potential trigger continue bearish
movement to the range 1553.50.
Second, Watch area between the resistance
1583.43 and resistance 1572.70, this area can be key for hunt bearish
signal/pattern. If bearish signal/pattern appears in this area, it
potentially triggers bearish movement aim the support 1563.10.
Ignore the preference if the resistance
1583.43 breaks, because bias bearish has change to bullish, within
possibility price move upward to the range 1594.16-1603.76.
