Will Gold Hit Again 41000 Level?
As per the chart, the gold was under uptrend until a breakout of the lower trendline. But gold isn’t standing below 40760. The 40760 can drag down prices up to hurdle line.
And break out of hurdles is a direct sign for a downtrend up to S1 and S2. But a downtrend yet not confirmed. Until that, jump for R1 to R2.