fortunamarkets

Gold Prediction(5/7/2024)

Short
PEPPERSTONE:XAUUSD   Gold Spot / U.S. Dollar
in our last analysis, We had anticipated the price drop in gold. still, We believe the gold price XAUUSD has more room to fall more.

As you can see the price made a sharp decline last week. after that during the week corrected, right now geopolitical matters seem calm so the market is shorting gold.

Our technical view has been shown in the chart.

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Thanks For Reading
Team Fortuna
-RC

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