Gold's Divergence in the Making

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The price of Gold has already established four bullish legs and a corrective one might be due next.

The price action is currently establishing a divergence, which is also underpinned by the MACD indicator.

If the price drops to the closest support, which is highly likely, this would represent a movement of $20 dollars. And if the price manages to break down below it, then the next target would be at the psychologically significant threshold at 1800.00. Such a correction would entail an additional dropdown of $50 in the price of the commodity

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