Reasonable move down today for gold but no change to our forecast.
Those of you have have gone short at our initial short entry point may want to consider stops around 1785 and certainly at your entry position – as if it moves up their it will likely reach the higher short entry zone.
The next few days – into early next week – certainly could prove very interesting as gold decides whether to respect the current “unconfirmed” trend line – or head lower.
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