Strong Bearish Gold Market Continues

Gold has turned bearish following the bearish movement in June. Since highs of 1295.87 on June 6, Gold has lost 5400 pips and July has started with a strong bearish trend as price goes further down, losing another 2000 pips already this month.

Any rallies should be brief and will offer opportunity to sell at a better price as Gold is expected to continue to lose value and targeting a further 3000 losses pips in July.

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