J TECHNICAL: Gold price continues to fall and succeeded in achieving our second waiting target at $2600, I think that the way is open to continue the fall to achieve more negative targets extending to $2555 followed by $2513.15 as the next downside position to stand and wait for more bearish bias in the upcoming session.
Alternatively a break above $2,655 will lead to another price rally and an attempt to regain the major bullish trend, which aims to test the $2,700 and $2,725 areas.
Expect today's trading range to be between the $2,585 support level and the $2,630 resistance level.
Trend forecast: Bearish! Trading remains unchanged with sell order trades! #XAUUSD #GOLD #FED