Gold has entered the negative zone on the daily time frame!!!!!!! Raise your levels of caution now!!!

For the first time in 7 months, gold has entered the negative zone on the daily time frame!! This is currently a negative signal and could mean strong downward numbers!

But as of this moment, gold is still maintaining the 0.382 fib, which is the strongest support currently! As long as gold is trading above 4730$ and hasn't closed 3 daily candles below it, it means that the likelihood of gold collapsing to 4200$ is currently not feasible!!!

However, if there are 3 closures, it will be a very, very negative signal!

The possibility of a drop to 4700 or even 4600$ is now conceivable, as I will explain in the next post, but the idea is that there should not be 3 consecutive daily closures below 4730$ because at that time I will be very negative on gold!!

In general, currently following up and will update continuously, but please raise your levels of caution as long as gold has entered the negative zone!!!