Michael_Winner

GOLD in strong downtrend and can continue to decline lower

Short
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in comments, we will try to answer for all, thank you guys.

As we expected in our previous idea, gold continued to fall.
Price reach all our targets from previous idea, but your did't liked previous idea however you could made good profit.
So this time I ask you to support this idea with your like and comment, thanks.

Now price reach all targets from previous idea and made not big pullback.
Price 2 times tried to break resistance level 1755 USD but can't.
Which tells us that the bulls currently do not have the strength to pull the price up.
And I thing gold price will continue to decline.
First target is local support level 1730 USD
And second support target is level 1715 USD
I think price can fall even lower, so soon will update idea for you.
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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