XAUUSD: Big Dump On The Way, worth 1000+ pips!

XAUUSD

Price failed to reach 2640$ region where we had expected price to drop from, since the bearish pressure is too high at the moment. In our view gold will continue to drop until we can see some bullish pressure and bearish exhaustion until then the trend is extremely bullish. No major correction may occurs based on the current price momentum. Good luck.