Gold has broken below major diagonal and horizontal support but I am not yet convinced of a sustained bearish move. In the near term a re-test of the breakout level @ 1780-1790 is very likely with more downside more likely if the re-test fails. Support is currently around 1740 with a recovery probably looking for a test of previous swing highs @ 1830.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.