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MarcellusLUX
Jun 29, 2021 6:17 AM

Gold is consolidating in a narrow range, big move on the cards Short

Gold/U.S. DollarFXCM

Description

I have been pretty bearish on Gold in my long-term analyses since May where
the first sell signal was given at 1900. Since then price has dropped massively.


However, the downtrend might not be over yet. Price is just consolidating over the past
few days and there has not been any recover yet.

If the bears manage to take the price through the 1760 level, there is risk for further drop towards 1690.


I recommend everyone to trade cautiously.
Comments
KlejdiCuni
Great work my friend!
PEAKBUL_FX
I took multiple sell trades for gold yesterday. Running in profit now. Thanks for your great chart and clear explanation.
rekhamma
Nice work, it broke the consolidate area finally
Sjskekejejej
Fantastic analysis once again. It is falling heavily
JayaFxTrading
Waiting for the big move to happen
emillyricci
I agree with your analysis
ProSignalsFx
it was a good analysis!
financialflagship
Nice analysis, many thanks. 🔥🔥
jojofang0901
seeing the same bearish bias also :) good stuff
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