Gold is falling, but as part of a correction against the main global trend. After 3 weeks, the price is heading to the support to test this area. After such a period of time there is little chance to break this support, besides we have no preconditions for it.
Prerequisites for a possible rebound: 1) Globally - bullish trend 2) Fundamentally - incomprehensible dollar, which is preparing to decline 3) Strong local trend support area 4) Key level 1940.39 5) Either a bounce or a false breakdown of support may follow.
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