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After a fake breakup Gold successfully returned to the channel. Testing the resistance it bounced and made a 100 points drop. On 1H chart we can see a completed H&S pattern and now we are on a test of the neckline. There is a high probability of a down move to 1300 at least as I mentioned in the previous idea, the breakdown of 1312 key level will lead to the further drop. I closed partially my pos on 1310 yesterday and added once more from 1316 earlier today. SL moved to breakeven.
A break of 1316 area up will postpone the corrective move down and may cause a new wave up so be cautious.
Prev. idea: https://steemit.com/gold/@fbxiii/short-gold-review
Good luck!