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Gold continued to decline as expected
We only indicated a downward trend and a selling signal throughout the past weeks
We reached 4125 in the morning
Today the US market is closed
On smaller timeframes, there is oversold conditions
A speculative rebound is possible from the current prices of 4155 up to the verge of 4250-4300
Next week, there might be a slight upward movement followed by continued decline
Speculatively, buying could be considered from the current prices of 4155 with targets of 4177-4200-4230
And a stop-loss below today’s low
But the overall trend is downward and we are generally in favor of selling
$XAUUSD $GER40 $EURUSD
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