Interestingly, in looking at the Gold weekly chart, there are some sideways trading been developed along 3rd fan line but still headed to the downside.
Supporting the downside is the fact that Gold's 150 DMA still remains below its 200 DMA, it has been tried very hard to climb and reclaim but fail, now its parabolic support just formed exactly at $1611, any price break below this level shall trigger a big move, likely to the extreme target of $1360~$1370.
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