The_Rational_Investor

Time for Gold to take a break

OANDA:XAUUSD   Or / Dollar Américain
Gold had a great month of May, where it recovered a significant lost ground. But now after 4 weeks of rapid rises, Gold needs to take a break. Gold can go down from its current levels (1900 was also the high reached in 2011 and therefore a significant resistance). And bounce back from 1860. I expect a good 40 dollar drop from the current levels as a decent consolidation.

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