gold has been stubborn with buyers still holding their "since 2008" trendline .... but as said on last weeks technical, gold is dropping lower and lower ... today we saw 1216.30 zone being tested ... we currently trading wave 1(C) of our weekly wave 3....1200.70 is our next minor resistance which must be take out .... i expect the price to struggle approaching the trendline again as buyer might come ....
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