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UnknownUnicorn15614419
May 5, 2021 9:58 AM

GOLD: will resume falling in a global downtrend Short

Gold / U.S. DollarFOREX.com

Description

The price completed the bullish trend, broke through the line at 1782.59, bounced off the support at 1764.54 and consolidated at the resistance line at 1803.19. Then she resumed the fall again. Now we can expect the price to break through the level of 1764.54 and fall to the lower support level of 1726.97.

Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Comments
jojofang0901
very possible downside move :) will see how it develops
ryanpope1984
@TradingStat bro ur analysis im afraid is not valid anymore
Its soaring bulls :)
Helical_Trades
Great call here
KlejdiCuni
Good stuff buddy! Thank you!
UnknownUnicorn15614419
@KlejdiCuni, You are welcome )
VasilyTrader
I have similar expectations here bro!
UnknownUnicorn15614419
@VasilyTrader, Glad to hear that!)
Henry_Ross
Very clean analysis. Thanks a lot!
UnknownUnicorn15614419
@Henry_Ross, Thank you!
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