DeGRAM | GOLD short

FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Gold entered a consolidation phase.
The prerequisites for a further fall of the instrument are as follows: a downtrend, a deep complex false breakout, an upward local trend was broken, after a strong fall, the instrument does not roll back into a countertrend, but stands in strong accumulation, ahead of large targets, where there are many speculators (investors).
Therefore, I expect that after accumulation, gold will go down and the nearest target is the intersection of the trend support and local support at the point - 1740.

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