Michael_Winner

GOLD price broke down support line and fall from 1800$ to 1770$

Short
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
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As we expected in our previous idea gold broke down support line and started decline.
For now price already fall from 1800 to below 1770$ and I think decline will continue.
Now price trades in something similar to downward accumulation and I think soon we will see another one downward impulse.
Main target for this downward impulse is 1735$ but I already want add intermediate target at 1755$
So, I think gold for now will continue decline.
Also feel free to check my previous idea in which I wrote that gold will break support line and will start decline.

I expect this scenario, so be prepare for next movements.
Thanks for your time, we hope our work is good for you, and you are satisfied, wish you a good day and big profits.
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