GOLD: End Of Week Technicals - 909.69 level as the next bearish target

Weekly price is located below 100 period SMA (100 SMA) and 200 period SMA (200 SMA) for the primary bearish market condition:

• The price is breaking 1074.07 support level on open weekly bar for 909.69 level as the next bearish target.
• 100 SMA is below 200 SMA for the bearish trend to be continuing.
• Descending triangle pattern is going to be broken by the price to below for the good possible bearish breakdown.
  
• The nearest support levels for the pair are 1074.07 and 0.6907.
• The nearest resistance levels for the pair are 1191.48 and 1355.85.

SUMMARY : bearish