Gold: ⬇️ Sell
– Gold broke key support level 4100.00
– Likely to fall to support level 3970.00
Gold recently broke the support zone between the key support level 4100.00 (which has been reversing the price from the end of September, stopping waves iii, v and 2) and the lower daily Bollinger Band.
The breakout of this support zone accelerated the active downward impulse, which started earlier from the top of wave ii at 4400.00 in the middle of September.
Given the clear daily downtrend, Gold can be expected to fall further toward the next support level 3970.00 – which stopped all downward waves from July.
 and the lower daily Bollinger Band.){kind=link}