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As of now, the gold price seems to be in the perfect set up for a FREE FALL in the coming weeks. The complete set of moving averages, fibo levels and zz indicate the possibility of a SELL trend. Unless and until the gold price goes above the previous week's high, the fall seems to be certain. This week's candle has already crossed below the previous week's low once. Will this be a double bottom for reversal? or a free fall? I believe it to be a free fall, hence keeping the SELL order open for now.
