Gold tumbling towards 1900 - #xauusd $xauusd
The gold market took a huge tumble is it fell through the 1925-1935 range towards the low 1900's handle. As we speak we are just a few dollar shy of 1900. If this level gives away, our next target to the downside would be the late march low of 1890. Any further below here and we would effectively being to retrace the entire war narrative. Something we feel wouldn't be right in the current market environment, therefore, we will watch how the gold market trades around the 1900's and being looking for places to pick up gold at the lows.
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