Gold price, page-8

Nearing recent areas of horizontal support in blue now,
also looks more like it's falling back into this long term trend I've wondered about in the past.


Possible price of support for today in place already, which we touched before close of last night's session.
$1,225.4
POG bounced up off that back on 2nd March.




If the Head and Shoulders pattern plays out, could well see US POG fall under that lower dotted blue trend line (in the first chart) before heading back up.
Whilst many saw this pattern forming some time ago, it did seem a bit far fetched, but it's looking a stronger case now after 2 consecutive days of falls.