FXKing009

XAUUSD - BIG DROP COMING

OANDA:XAUUSD   Gold Spot / U.S. Dollar
As seen previously once price broke the support line it took a big drop but recovered quickly. Its safe to say once its broken again it will take another huge drop .
My reasons for this are the fact Gold has kept rising despite all technicals showing that it should be ready for a sell. I appreciate Gold is a safe-haven but there's only so much manipulation something can take.

Once support is broken I am expecting to see a crash in the market. Price should fall to the lowest lows just as oil did previously.
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Comments

Helpful information
+1 Reply
FXKing009 JeanaHindmarch
@JeanaHindmarch, much appreciated
Reply
Great analyses
+1 Reply
FXKing009 CFDStephenwood
@CFDStephenwood, Thank you!
Reply
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