GOLD - Sellers may take charge soon from 1204.74

OANDA:XAUUSD   Gold Spot / U.S. Dollar
This is Gold daily chart and as we can see this market is in nice looking down trend, price is pulling back towards last broken support near 1204.70, we will be waiting for bearish price action signals here on this broken price level. We have good confluence factors supporting our trade scenario such as down trend, static price level and dynamic resistance layer which is near by. Let see how market price action unfolds. safe trading!
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