UnknownUnicorn15614419

GOLD: completion of the correction and return to bearish trend

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
The rise in gold ended at the resistance line of 1785.49. This is the August 2020 resistance trend line. Its only breakdown occurred in early 2021 during the riots in the Capitol. The last period of price growth (from support 1677.45 - correction within the main downtrend. Therefore, now we can expect a new fall to support 1690.19.

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