In my view, there is a good chance of further downside for gold in the near term after this breakout, Looking for a retest of the red zone around 1250.00.
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and when it successfully go through the down line of the triangle, then it will go in direction 20.000 Point!
That means Gold will go down in the next time, direction 1030 - 850 USD !
That is the best time to short Gold with some initial Shorts now !