SHORT TERM PULL BACK - EXPECT BOUNCE TO 3,000 End of the month was text-book played and the market cut a chance of profits they've had all year long.
That does not mean the trend is over or there will be a change in major direction for gold.
Expect a short term bearish market illusion carefully designed by the algorithms and smart money, to induce sellers more and more.
Expect very "perfect resistance" levels being created (ENGINEERED LIQUIDITY), where retail sellers are going to be pacing all of their short stops (which are actually buy stop orders).
Once the market reaches a strong enough psychological level (I personally believe it's going to be 2600), than smart money will buy back all of the retail short positions to target all time highs above 2800.
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GOOD LUCK,