The price of gold has been in a clear , uniformed within the shown on chart. Recently, the price has accelerated the downside, breaking the support of the channel, and that cleared the way for a test of level, which might act as support in the near term. An upside pullback is possible now towards a retest of the broken channel before resuming the wave. I would look to short gold anywhere among 1160-1170, Targeting 1138.00 again and 1100.00. I would exit on a break above 1190, as that may call for a more prolonged rebound.
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