ProficientForex

Gold-The completion of the first descending wave

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
There can be many scenarios for gold
One scenario is that the first downtrend has ended in the 240-minute chart and the corrective movement of the price can be in the range of $ 1892, and in continuation the downtrend can be expanded for the range of $ 1645.
On the daily chart, we are expecting the downtrend up to the range of $ 1645.
( Daily Chart )

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