Gold has been sold as I expected it. Now it’s either a breakout lower or a bounce.
Gold has been sold as I expected it. Now it’s either a breakout lower or a bounce.
It is best to watch the price action to determine the move. It can be a bullish bounce or a break below the support. If the market stays above 1755 we should see a move towards 1784. If it breaks 1755 we should see 1739.
Both options are valid as long as the price action supports it.
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