Gold Set to Drop to Support

Gold Set to Drop to Support

While I have mentioned before that I believe we should expect Gold to trade sideways for a period of time, I also see that the greater Gold uptrend from February is still intact. Specifically I can identify two trendlines A or B with Gold's uptrend. Neither of them has been broken. Gold is near strong resistance at 119.6, I expect Gold to back off and find support at either trendline A or B. I expect support at 113.6 to hold.

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