Above is the daily chart of Gold (XAU=). The price is having a bit rebound now but it is expected to drop further as it has reached a strong resistant zone.
The movement will be limited by the purple Pitchfork; therefore, the plunge won't be in a sudden but pretty gently instead.
Weak support is at around 1560 and strong support is found at 1515. As mentioned last time, the target level estimated by the flag breakdown is around 1320.
Gold seems to be not a good tool to invest in unless you are going to short it.
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