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05.06.202014:21 Forex Analysis & Reviews: Analysis of Gold for June 05,.2020 - Potential drop incoming towards the $1.680

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Technical analysis:

Gold has been trading downwards. As I expected, the price tested and rejected of the level at $1,720. I see potential for the downside rotation towards the levels at $1,694 and $1,680.

Watch for potential selling opportunities due to downside rotation

Stochastic oscilalator is showing the fresh bear cross, which is another indication for the downside movement.

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