📉GOLD 07/20/2022: 1700$ in focus❗️
📉Priority direction: Down.
đź“ťDescription: The metal continues to be in a downtrend, and since July 14, the price has been accumulating in the range of $1705-$1717. Now the instrument is quoted at the lower boundary of the specified range and it is assumed that the price will not go higher at the moment. Most likely the attention of sellers is focused on the level of $1700 (supporting the price from a dip below). Considering all of the above, opening sell positions is a much more promising idea. The fall is limited by the level of $1700.
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đź“ťDescription: The metal continues to be in a downtrend, and since July 14, the price has been accumulating in the range of $1705-$1717. Now the instrument is quoted at the lower boundary of the specified range and it is assumed that the price will not go higher at the moment. Most likely the attention of sellers is focused on the level of $1700 (supporting the price from a dip below). Considering all of the above, opening sell positions is a much more promising idea. The fall is limited by the level of $1700.
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Thank you for your support, subscribe and share your ideas here👇
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