I am a supporter of GOLD price going down from 1300 towards 1200. If you follow my ideas you would see that I supported that idea for a long time. But this monday movement was too fast. It will not get a sequel before market does not cool down a bit.
Therefore pay attention for upside movements. Maybe it will go towards 1330 or it will reach the top of the longterm downtrend channel (which you can see in my linked idea) at 1365 before it moves down towards 1200 in August.
Therefore pay attention for upside movements. Maybe it will go towards 1330 or it will reach the top of the longterm downtrend channel (which you can see in my linked idea) at 1365 before it moves down towards 1200 in August.
