baderocks2

Gold daily supply

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FX_IDC:XAUUSD   Ouro/Dólar Americano
Not the highest quality formation since it's a RBD which has also been tested by a previous zone, however we are at extreme levels of the curve. If this does break, however, I would still expect gold to go down. To me, it is highly uncertain for gold to break 1440 as that region has been well-respected since 2013. Long-term short target would be around 1200.

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