Gold against Euro maintains a bearish look after breaking the long-term white trend line while the price moving to the downside within the medium-term blue bearish trend channel. But an upward correction may be imminent. Since mid-2018 whenever RSI turned to upward form near the oversold point, 30, XAUEUR entered a short or medium-term bullish trend, sometimes a mere correction period. A possible correction may be limited if 1478 or 1520 resistances hold.
For downside moves, the %50 level of the 2018-2020 rise is at 1380 and can be followed as a major support.
