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Message: <blockquote data-quote="DON999RU" data-source="post: 23318173" data-attributes="member: 498415">xAU(Gold) fell to the lowest price of 2018 by yesterday(15.06.2018) .Almost a month long narrow ranging  gave us an indication that a strong move towards North or South was obvious. It became a reality with a Tsunami like market drop which caused Gold to lose its value nearly by 25$ or 2% .Before reaching new lows on 14th June, market had a false piercing through the resistance line 1307/1308, which is also above 200-Day moving average, yet.. instantly got declined ! This must have activated long awaiting technical bearish/sell  orders <img src="/styles/default/xenforo/smilies/default/yes.gif"  class="smilie" loading="lazy" alt=":yes:" title="Yes    :yes:" data-shortname=":yes:" /> & breaking the support line around 1293/1294 level surely ignited the fuel of the rocket <img src="/styles/default/xenforo/smilies/default/eek.gif"  class="smilie" loading="lazy" alt=":eek:" title="eek    :eek:" data-shortname=":eek:" /> . Except for that general fundamental facts supports gold to be the “KING OF THE NORTH” .But sadly as for “GOT”… king got killed prematurely !...may be due to some related facts, given below;1.    Dovish/Bearish ECB on Thursday2.    Repeated failure to break through 1302/1307 resistance3.    Italian political crisis4.    Escalating trade war tensions (Between US & China)5.    To the Infinity: Technical & Panic selling!So, now its important know what would happen in next 2 weeks to come…, here are the possible outcomes,# If selling pressure leads to breaking of supportive lines of 1274/1275 & 1263 …Gold will rally down to 1236/1240 # If Bulls take over during next week &  reach over 1302/1307, the bearish sentiment would be liquidated.Keep the margin levels healthy & trade wisely! <img src="/styles/default/xenforo/smilies/default/yes.gif"  class="smilie" loading="lazy" alt=":yes:" title="Yes    :yes:" data-shortname=":yes:" />Dr.Don</blockquote>

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