RLinda

GOLD ! Strong fall. Rollback before continuing to fall 🤯

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
GOLD is in a strong negative trend. Over the past few days, we have seen a strong drop in price by several percent, which is a serious move.

Yesterday, the price showed us that it would not grow, fixed in short zones and fell several tens of points short of strong support at 1724.

I assume that the trend is down and it makes sense to wait for the continuation of the fall. There is another reason - the support zone of 1724 has not been reached. The price rolls back to the resistance and I expect that the resistance will continue to fall.

Sincerely, R. Linda!

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