Basically what we can see is that gold is creating lower highs meaning there is a down trend happening. But there is a strong support line on the 23.6% Fibo area. Nevertheless its is still trending down so we can expect that 23.6% level will be tested again and that will be the area of 1st TP. Should it breaks through 2nd TP will be at 0% level.
Let's keep the technical simple and easy for all to understand.
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