As market risk appetite improved and the U.S. dollar rebounded, spot gold suffered a heavy setback on Monday and fell to the 1970 area. It has clearly entered a downward trend. There is no opportunity to enter the market for shorting due to the negative decline in early trading. Then wait for the rebound and then go short. Wait for the rebound to be in the 1978-1980 area before going short! Still bearish, the support below focuses on the 1950 area!
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is falling towards support.
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