Gold is in a downtrend, 1812-1808 Likely
- Breaking the trendline support on the weekly chart, gold is in a downtrend.
- On the weekly chart, 1808-1812 is likely support.
- There may be pullbacks, which may give a short-sell opportunity.
- Overall, the bias is bearish.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.