Gold continues to fall after the price reversed down with the daily Japanese candlesticks reversal pattern Evening Star from the resistance area lying between the resistance level 1850.00 and the 38.2% Fibonacci correction of the previous downward ABC correction (2) from the start of January. Given the rising risk-on sentiment seen across the global markets today on signs the mass vaccination programmes are stopping the covid-19 epidemic now – Gold can be expected to fall further toward the next support levels 1785.00 and 1765.00.
