Contributors Technical Analysis Gold Focused On Correction

Gold Focused On Correction

Gold is very heavy on the Daily chart and looks unstoppable. It should hit the warning line (WL1) in the upcoming days. The yellow metal could start another leg lower if the United States data will impress in the afternoon. The current drop is natural after the failure to reach and retest the 23.6% retracement level and the $1295 per barrel.

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