Gold dropped nicely today, in a strong impulsive move which normally indicates a reversal. We also saw price touch $3,057, but we did say price also needs to close below that level which it never done. There's 2 possible plays on its next move;
1. Price just carries on dropping lower in the next week as expected.
2. Gold starts to consolidate, creating a 'redistribution schematic' for a bigger sell off. But this could also mean Gold creating 1 more new ATH.
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TELEGRAM - @XTBCAPITAL
t.me/XTBCAPITAL
goldvaultacademy.net
Instagram: @GoldVault_Academy
t.me/XTBCAPITAL
goldvaultacademy.net
Instagram: @GoldVault_Academy
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.