Gold in strong downtrend and can continue to decline
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Today I want talk with you about GOLD chart.
Gold decline lower and lower.
Price broke all main support levels so it's hard for now to predict where is will be reverse.
Now I think gold will continue to decline, now price trades around level 1665 USD
I'm indicate 2 targets is 1630 and 1600 USD
There is 2 scenarios, price can continue to decline without any pullbacks.
Or price can make pullback to resistance zone around 1700 USD and bounce from this level lower.
When situation will change I will make update for you.
So, I'm waiting for one of this scenarios.
This is my opinion, I really hope this will be useful for you.
Be ready and take care your money. Have a great profit !
Today I want talk with you about GOLD chart.
Gold decline lower and lower.
Price broke all main support levels so it's hard for now to predict where is will be reverse.
Now I think gold will continue to decline, now price trades around level 1665 USD
I'm indicate 2 targets is 1630 and 1600 USD
There is 2 scenarios, price can continue to decline without any pullbacks.
Or price can make pullback to resistance zone around 1700 USD and bounce from this level lower.
When situation will change I will make update for you.
So, I'm waiting for one of this scenarios.
This is my opinion, I really hope this will be useful for you.
Be ready and take care your money. Have a great profit !
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