Gold took a solid drop today of almost $30 giving up the $30 swing to the upside we saw Friday October 9th Gold couldn't break the resistance level of $1930 and after slow trading Monday took a solid dive today I think gold will travel back to $1910 before falling even lower 4H Bearish channel still in play but potential upward channel being formed Looking for short term long moves until $1908-$1915 before continuing to short
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Price bounced off the 1910-1911 area - potential to pop to 1915-1920 Potential back down towards 1885 after
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Still within the upward channel, price has not dropped lower than previous low yet so upward short term long still in play
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