GOLD continues its fall We see the metal price continues to decline and this time the price breaks through the local lows and forms a consolidation in the short zone – the next target is the 1677 zone
On the chart I have marked the important moments, such as the attempts of the price to test and reverse for the energy gain, the retest without the possibility to renew the lows – this does not show the weakness of the market, but the opposite – the market is gaining energy to reach the important 1677 zone, after the break-down of which the burst of volume should follow.
I assume that in the nearest future the price will reach the 1677 zone, and we will probably see a false-break, after which I will expect a pullback.
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