Gold looking bearish and has broken down from a consolidation
Gold has broken down from the consolidation from the flag pattern. Bearish overhang on the commodity is likely to continue in the near future and we can see some more correction coming in. There were a lot of gold positional longs and they will perhaps have the trailing stop loss triggered, that can lead to some fast moves on the downside.
Trade closed: stop reached
reversed the fall intraday itself. so any intraday trade is best to be exited
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