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GOLD Facing Strong Downward pressure | July 10, 2017



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Gold is facing strong bearish pressure. We can see big bearish candles on gold on higher time frame. So we should stay in sell mode. We prefer to take sell entry below 1213-15. SL will be above 1215, TP will be 1206 and then 1200. 

Gold is falling since 7 June from 1295. Since then we are seeing strong downward momentum on this pair. So it is better to stay on sell side until bullish confirmation. So we need to be careful before taking buy entry on Gold. So, we must prepare for sell setup on this yellow metal. 

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