Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in comments, we will try to answer for all, thank you guys.
As we expected in our previous idea gold broke down support line and started decline. For now price already fall from 1800 to below 1770$ and I think decline will continue. Now price trades in something similar to downward accumulation and I think soon we will see another one downward impulse. Main target for this downward impulse is 1735$ but I already want add intermediate target at 1755$ So, I think gold for now will continue decline. Also feel free to check my previous idea in which I wrote that gold will break support line and will start decline.
I expect this scenario, so be prepare for next movements. Thanks for your time, we hope our work is good for you, and you are satisfied, wish you a good day and big profits.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.