FieryTrading

GOLD Might Face a Major Sell-Off Soon: Update

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
A week ago I made the prediction that Gold would be falling soon, and falling quickly. Little did I expect it would happen within a week!

Since gold is close to the $1800 support, we can either see a small bounce or a break through the support. If we get a daily candle which closes below $1800, expect a major sell-off towards Support 2 around $1720.

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