DeGRAM | GOLD fall without pullback

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold is in accumulation, under pressure from sellers,
I think this will be understandable if we pay attention to the fact that there is no pullback after a strong fall.
I suppose that the instrument can make several false breakouts from the flat, and as a result,
I expect a downside exit from the achievement of the key point - support 1724.

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If price go beyond the supply zone of 1791, I then will be a further movement to the next supply zone
+1 Reply
Nice analysis.