mazoto
Short

GOLD COMEX: Drop in the value of gold. What to expect next?

COMEX:GC1!   Gold Futures
COMEX:GC1!

On the chart, we see that we started the downward movement, as you can see, a “falling star” reversal candle was formed earlier, which directly signaled the impending fall. As it seems to me, the fall will continue further if we do not restore the price and break up the blue line.

I wish you good luck, do not forget about the stop order.
Trade closed: target reached: We closed the position with a very small profit. Good luck!
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