Gold is in a little 1hr channel, lets wait to see the price action. if breaks to the upside we continue bullish until 1310 region as target 1 and 1325 region as target 2. Also is touching a Daily strong trend line.
If the price continue dropping we can expect around 150 200 pips more.
Keep an eye on this one..
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If 4hr candle close above the channel we continue to the upside.