Golds update - next stop 1175
Average decline since May 2013 with no retracement is 9.45%.
Since gold broke what I consider its major intermediate term support of 1235, the probability of it falling rapidly to 1175 - 1190 is high. Would not surprise me if we see it down $40-50 overnight this week or next. Medium term I see it falling much lower.
Since gold broke what I consider its major intermediate term support of 1235, the probability of it falling rapidly to 1175 - 1190 is high. Would not surprise me if we see it down $40-50 overnight this week or next. Medium term I see it falling much lower.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.