If gold is attempting to gather liquidity but encountering resistance at a bearish trendline, it suggests a struggle for buyers to push the price higher. The repeated failure to break above this trendline could indicate a lack of bullish momentum or strong selling pressure at those levels. This scenario might prompt traders to monitor the situation closely for potential shifts in market sentiment or key support levels.
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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.