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Gold falling
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[QUOTE="SebsCubs, post: 117632, member: 41570"] Gold prices tumbled on Friday and at beginning of the Asian session today, reaching as low as $1854/Oz, breaking through its upside channel on the daily chart, while the technical indicators are now clearly bearish, which confirms our short-term retracement outlook mentioned before since gold was trading above $1910. In the meantime, the key support for this week stands at $1840 which represents the 200-day MA, where gold is likely to show some stabilization, while [B]we maintain our medium-term long positions that were issued back in April at $1710 and $1725 unchanged with a Stop Loss at $1730/Oz for now.[/B] [IMG alt="XAUUSD Daily.png"]https://fbs.com/img/articles/31521/1623661974-71f480887181acbb35b93bca728ca4a7_1200x1200_q90v3.png[/IMG] Reference: Gold's break down: what's next? (14.06.2021) [/QUOTE]
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