Gold is extended below 1740
Gold is rejected from 1810 and is extended lower. A break below 1720 would accelerate the extension lower in the fifth wave to target 1500 in the case of a confirmed break below 1680. We have seen a strong reversal lower recently from 1820 and we are going to see a retest of the recent low 1687 before the market makes a longer-term direction
Note: look for the short trade entries with the stop loss above 1740
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