Gold will drop again more, Looking forward to see this happening.
Gold has been experiencing a strong uptrend for some time, driven by macroeconomic factors such as inflation concerns, geopolitical risks, and monetary policies implemented by central banks around the world. However, like any market, trends do not last indefinitely, and corrections are a natural part of the cycle.
Looking at the price action over the past few weeks, gold has begun to show signs of slowing momentum. While still holding above key support levels, there is a noticeable shift in momentum. The market has recently printed lower highs and lower lows, a sign that bears are beginning to take control in the short term.
Gold has been experiencing a strong uptrend for some time, driven by macroeconomic factors such as inflation concerns, geopolitical risks, and monetary policies implemented by central banks around the world. However, like any market, trends do not last indefinitely, and corrections are a natural part of the cycle.
Looking at the price action over the past few weeks, gold has begun to show signs of slowing momentum. While still holding above key support levels, there is a noticeable shift in momentum. The market has recently printed lower highs and lower lows, a sign that bears are beginning to take control in the short term.
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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.