RLinda

GOLD ! Continuation of the fall below the level of 1822.6

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold continues to trade in the descending channel and quite confidently fulfills the channel borders and resistance levels. Yesterday's forecast gave a movement of more than 350pips in our direction

Gold made a false breakout of the local level of 1822.6 and without a deep pullback (until 1829.4) the price returns back to the level for a possible breakdown and continuation of the fall.

I assume a breakdown of support at 1822.6, followed by gold fixing below the level and the price falling to a strong liquidity zone of 1796.8

Sincerely, R. Linda!
Trade closed: target reached

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