Contributors Technical Analysis Gold Should Drop Further

Gold Should Drop Further

The rate has dropped further and has resumed the bearish momentum. Technically, it should drop to reach and retest the sliding line (SL) of the ascending pitchfork after the breakdown below the 50% retracement level. Remains to see how will react when will hit the SL, a valid breakdown will confirm a drop towards the 61.8% retracement level.

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