Gold is going lower in short- to medium-term.
Gold broke a multi-week ascending trendline on the chart, RSI confirmed this by a break of horizontal support. Price closed below the 2019 High yesterday, what leaves the door open for further decline.
Possible target 2020 Open which lines up with a 100% trend extension, as visual below.
4-Hour Chart
Possible target 2020 Open which lines up with a 100% trend extension, as visual below.
4-Hour Chart
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