Participant

GOLD price is trading into an extended range and now has reached the support area again, we’ll have to wait to see if we’ll have a breakout and the price to continue the long term downward movement. We have an important support area just below 1180. We’ll have a clear direction once the price will escape from this range. The price has broke down the dotted line (trigger line), so I’m expecting to see a bearish movement but the price is very close to another support line (WL1), maybe the price will grow on short term again but the outlook remains bearish.

gold

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