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Price action is currently attempting an inverted Head and Shoulder that is yet to complete, the neckline lies at 1.0980 – 1.0990 area which

Fibonacci levels can provide guidance around areas of potential support and resistance in range-bound trading environments.

Gold Price fell significantly last week after reaching an all-time high of $2150/Oz, the price fell to $2020/Oz within a day which left many traders stunned and unable to comprehend what has happened, and the more difficult question remains unanswered, what’s next for Gold Prices? Over the past few weeks/months, inflation has been in a downtrend in all the major economies globally, this kept the markets divided on how the FOMC and other major central bank’s next move will be regarding Interest rates.

Gold Price fell by 6% last week off its all-time highs which left many traders unable to comprehend what happened, what's next for gold price?