Gold is in Short-term Bearish Trend

OANDA:XAUUSD   Gold Spot / U.S. Dollar
The price reacted drastically in its pursuit to cross 1950. After the positive economic data, it's retesting 1928, 1920. If the decline continues it might cross 1912-15 zone and drop to 1902 and further 1886 levels. The larger trend is Bullish . We should wait out for the price to react at our areas, reversal might take place. This retracement could be the part of correction after flight in recent weeks.


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