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Gold Points Down, After A Flat Correction

Published 09/16/2019, 05:23 AM
Updated 07/09/2023, 06:31 AM

Hello fellow traders,

Gold is very interesting to track this time, after that five wave drop from 1556 which is evidence for a bearish price action that is expected to continue after a corrective rise. It looks like that this corrective rise will be complex; ideally a flat after that drop to 1485 area, so ideal resistance for a drop will be at 1524-1528 zone.

gold intra

GOLD, 1h

Latest comments

it will be bullish for gold
Gold go up
Are you taking in to account the FED rate cut, and how will this effect ?
love reading Gold Thanks Gregor
like wise in gold and silver both love u dear
ok
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