melikatrader94

Gold → still bearish

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
hello guys.

gold is bearish!

it tried to break the trendline but it was a fake one!

after retracing to the 33% level of the latter leg, it confirmed the downward movement!

so it is obvious it will touch the gray area at least!

target= $2290

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Comment:
if the price will not touch a lower level than $2319 this analysis becomes invalid!

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