Gold Fall After Retracement
Hey traders...
We expect a very bearish rally on XAUUSD very soon, but before that happens price must retrace back to a key level (1812 OR 1830), after that we expect a fall to (1750, 1720 OR 1680). A reason to believe a fall to these levels is going to happen, is that US is trying it's best to decrease inflation this year, which will increase the value of the US dollar, which decreases the price of Gold. But Gold must retrace to a key level before falling. DYOR
We expect a very bearish rally on XAUUSD very soon, but before that happens price must retrace back to a key level (1812 OR 1830), after that we expect a fall to (1750, 1720 OR 1680). A reason to believe a fall to these levels is going to happen, is that US is trying it's best to decrease inflation this year, which will increase the value of the US dollar, which decreases the price of Gold. But Gold must retrace to a key level before falling. DYOR
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