Gold has climbed rather slowly over last three months without any significant retracement.
The imminent strengthening of Dollars and weakness in Euros may trigger the rapid decline of Gold as similar in September month this year.
However, as long as the trend line support is intact , we will not expect its rapid weakening unless the immediate Support near 1741.50 ( Ichimoku Bottom Support), and 1735.00 ( its recent Low) are breached.
And Breaking Both Supports may expose 1600.00 next.
The imminent strengthening of Dollars and weakness in Euros may trigger the rapid decline of Gold as similar in September month this year.
However, as long as the trend line support is intact , we will not expect its rapid weakening unless the immediate Support near 1741.50 ( Ichimoku Bottom Support), and 1735.00 ( its recent Low) are breached.
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