Gold Crucial Breakdown

The yellow metal drops further on the short term and is almost to take out the major support from the confluence area formed at the intersection between the WL1 with the 38.2% retracement level. A valid breakdown below this confluence will accelerate the sell-off, the next target will be at the sliding parallel line (SL).

MultiBank Exchange Group
MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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