Gold Detailed Analysis on the Next Bearish Move.
Initially, gold broke the MA 200 with a strong move downward, later picked up to retest at 1,735 level as expected near MA 55 which was then not able to break upward. Finishing with a 4H bearish candle between MA55 and MA100. Another attempt will be done to break the MA 200 early next week, which is more likely to set as a continuation to downward. This is also supported by major overbought indicators on daily, and weekly .
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