DeGRAM

DeGRAM | GOLD in range

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold fell sharply in price, breaking the trend completely.
The strong distribution movement stopped at the historical support level of 1764.9.
Usually, after distribution, the instrument enters the consolidation phase for a while, so I assume that gold will stop in the 1802-1764 range and trade a little here.
It is not yet clear what will happen next, whether it will recover or will take into account the broken bearish trend ...

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