ForexTrendline

Gold, over and over again!

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
19th of July:
20th of July:

Gold reached 1800 which is a key support level. The way price action got down there indicates for a further downside continuation.
We're going to be looking for lower values and the next support level is quite close - at 1795.
If market breaks below, then we're going to be waiting for another downfall to 1770.

That's why make sure to watch closely price testing the 1800 level and in case of a breakout we will have an entry opportunity!

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