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GOLD is Bearish and Looking for a Drop

By
Nenad Kerkez
Published: Jun 7, 2021, 07:39 GMT+00:00

Gold is looking at the possible support as the price is turning lower. We could see a bearish pressure.

Comex Gold

88.6 confluence shows a resistance zone which is also confirmed by the camarilla D H4 pivot point. Trend line is also supporting the move down. Targets are 1881 followed by 1872 which is the weekly L3 camarilla. W L3 could make a support and turn the market bullish.

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Cheers and safe trading,

Nenad

 

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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