Gold 4h

Unfortunately, the downtrend I spotted on Gold chart was developed and gold fell to the downtrend channel bottom (grey lines), and in same time to general daily support (pink). Note the pink line is estimated, because chart we use is 4 hours.

The low risk enter point in gold is probably now. Now gold must raise, but only to $955.

After that we may expect a correction, but it will be very difficult to predict it at this point, because the price will be inside the blue channel once again.

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