Interesting Prediction from Gold Analyst!

As gold prices declined, famous analyst John Isige announced his predictions.

An interesting prediction came from the gold analyst. After the downward movement in gold prices for a while, famous gold analyst John Isige announced his predictions. According to the analyst's expectations, the gold feature will start trading on Monday with a loss if the mid-border support of the critical rising channel is broken. In addition, the analyst stated that XAU/USD strengthened the regression outlook on the MACD daily chart. However, according to John Isıge, if the price of gold completes the day above the mid-border support, recovery will be on the agenda.   "Risk of Free Fall to $ 1.700" Gold prices continue to struggle against the strengthening US dollar. Gold has entered a downtrend after hitting $ 2,075 per ounce in August 2020, its highest level. According to the renowned gold market analyst Isige, losses will likely continue to rise if a major support area yields to intensifying selling pressure. The analyst stated that the XAU/USD pair completed the week at $ 1,821 amidst the increasing downward trend. According to the famous analyst, gold holds the middle boundary of the rising parallel channel. Stating that frightening levels may come to the agenda if this support collapses, Jonh Isige stated that new sales may be triggered. On the downside, the hardest support is at $ 1,750. However, according to Isige, losses of the XAU/USD pair are predicted to spread to the lower end of the channel at $1,700 levels.   Recovery is Possible According to Isige, the pessimistic outlook was confirmed by the Moving Average Convergence Divergence (MACD) indicator on the daily chart. The position of gold below the midline, according to the famous analyst, indicates that sellers have more influence, at least for now. John Isige points out that recovery is possible if mid-border support is advocated.