XAUUSD
Price has broken the weekly support area as expected from my last analysis published.
I am expecting price to make a pullback in the next day or two until Wednesday or so for the sell to continue.
I expect the price to pullback to around 1712-1717 or even up to 1720 before the sell continuation.
Overall, my bias for GOLD has been BEARISH for about a month now because of the constant up move it did over the past 2-3 years with no proper correction.
A lot of my analysis is based on only price, not much of reading news. So based on that, I see Gold being a bear market and there is a "Great Possibility" that price can drop as low as 1310. That would be the lowest of the lowest it can drop to. As of now my main area of interest is 1556.
I am expecting price to make a pullback in the next day or two until Wednesday or so for the sell to continue.
I expect the price to pullback to around 1712-1717 or even up to 1720 before the sell continuation.
Overall, my bias for GOLD has been BEARISH for about a month now because of the constant up move it did over the past 2-3 years with no proper correction.
A lot of my analysis is based on only price, not much of reading news. So based on that, I see Gold being a bear market and there is a "Great Possibility" that price can drop as low as 1310. That would be the lowest of the lowest it can drop to. As of now my main area of interest is 1556.
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