Gold price is coming down to support. When looking monthly chart, there is nice intersection with 2 trend lines and horizontal support line at 1083.

gold-m

When moving down to daily chart, we can see that Stochastic’s is already way in oversold territory, so break to the upside could come soon.

gold-d

Same situation we have on silver.

silver-d

I will be looking for nice pin bar candle from support on daily chart or possible fakey setup from support, if today we will get inside candle on gold pair.

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