Gold Spot / U.S. DollarUpdated

Gold may fall further and support levels

Gold has rejected from top and broke down from upward trendline. Now in short term downtrend withing falling wedge
Possible support zone mentioned in green box
Sustaining above blue resistance level would invalidate the idea and make it bullish again
Order cancelled
Wrong guess. Took support from weekly swing low
Note
Looks like trend is going to continue upwards from now onwards
Trade active
Entered at 1572 as it is looking weak again

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