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GOLD → The fall continues. Target 1828, 1812 and 1800

XAUUSD has been making a new downward jump since the opening of the session on Monday. The strong distributive move continues. The price is approaching an important area

GOLD → There's no place to shop. Bear Market ↘︎


The chart shows an important liquidity area, but not the final one (1800). At the moment I am interested in the 1828-1812 area. The nearest support line may be tested soon, followed by a correction before further decline. The strong bearish trend continues in the market on the back of DXY strengthening. ISM Manufacturing PMI & Prices are released today, as well as FED Chars Powell speaks. It is worth paying attention to these releases. From the technical analysis point of view, I will wait for a bounce from 1828 towards the nearest resistance to increase liquidity, after which the price will continue another decline towards 1812 and 1800. The moving averages are showing a strong trend and there is a strong signal on D1

GOLD → Correction amid strong bearish trend


Support levels: 1828, 1812
Resistance levels: 1846

I expect a continuation of the fall in the medium term. Before the further fall, a pullback may be formed, watch the price reaction to the marked levels

XAUUSD MGC1! GC1! XAGUSD SI1! DXY

Regards R. Linda!

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