We've seen evidence of exhaustion in Gold over the past couple of weeks, as indicated by the weekly candlestick patterns. These suggest that the market is preparing for a correction before continuing its upward trend. I'm expecting a neckline retest on the daily timeframe, along with candlestick confirmations, for a push to the upside.
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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.