DislikedIs a pretty major S/R level and pivot for the past several months now, at least Oct 11.
Channel bottom (support) is coming in at appx 1650/45 just below current spot price. * Edit: While typing spot rose appx 15 USD to 1675)
Dip line or (reaction low) would be appx -- not time adjusted "right now right below at 1555) interestingly enough exactly where the DTL from the 1920 high meets the uptrend lower channel line. Time adjusted I would add 50 bucks.
In any case. The chart looks a bit indecisive and should offer up a break, likely north,...Ignored
It is very strange to see you keep sticking with buyers since since 1700 First your support was 1680 then it changed to 1660 and now deeper.
I see a bounce from 1620 however, if you are with bull side it is not a good idea if you stick with buyers even the market is clearly showing the signs of recovery and dont forget GOLD opened up GAP at 1566 area.
The reality is Gold has broken your support area and instead of giving calls to fellow trader you must wait and see what happening with market.
THanks