GOLD Weekly Analysis - Shooort!
This commodity has been forming a rising flag for the past few weeks, last week it retested the upper trendline of the channel which IMO is a potential for a massive bearish run. It formed two bearish doji candles, which IMO the bulls were unable to drive the price much high.
I do anticipate that later in this week, we might test the market zones at 2365 and 2290
A follow up analysis using shorter time frames will follow.
I do anticipate that later in this week, we might test the market zones at 2365 and 2290
A follow up analysis using shorter time frames will follow.
Note
If this commodity happens to close below the 2300 mark, the bearish momentum might continue.
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