GOLD (XAUUSD) Can Go Even Lower!!! Here is the Reason:

3 Okt 2020

hey guys,

I have analyzed the strongest bearish rallies on gold since 2017.
What I noticed is that both the selloff of 2018 and 2020 made gold lose almost 15% of its value.

a new bearish rally that started in august has already corrected the price by 10%.
Even though the trend remains sharply bullish , it looks like we still have a potential here to lose 5% more.

It is not a trading recommendation but rather an observation.

let me know what do you think about it.