Gold has ranged above the low of 1283 for the past 4 trading days. And last night, there was an attempt to break below the range which it did so base on the smaller timeframe from H4 onwards. The price made a strong pullback but it still failed to stand above the range or make a higher high. Thus in this case and with the head n shoulder formation, the price, today, is most likely to plunge. This daily forecast is also inlined with my weekly forecast.
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