Gold continues to be in a bear market even though dollar already declined due to US inflation.
Apparently, there are still a lot of debts at the bottom, which means that traders can enter into short positions in order to set off large declines in the market.
To be more specific, the first target for sales is 1720, while the second is 1676. All in all, the potential movement is approximately 7,000 pips.
This scenario is based on the classic and trusted Price Action and Stop Hunting strategies.
Good luck!
