Much, much lower to go !!!

FX:XAUUSD   Gold Spot / U.S. Dollar
96 0 2
On a weekly basis, Gold             should be in the early stages of wave C. We also had a massive bearish engulfing candle this week with the LT             trend line acting as a resistance. The next 12 months or so should see a persistent             weakening Gold             price and as such any rallies should be sold ! The area of 700 - 720 represent an attractive level (previous support )
Just my views :-)

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