GOLD is still respecting this longerm downtrend line since hitting all time highs last year, on the daily timeframe market bounced of support pretty hard forming this bullish impulse and also forming this slight inverted head and shoulders, im expecting market to make the continuation to the upside and break above the downtrend and daily resistance, if the market will close above from a daily perspective we will be waiting for a correction before looking to capitalise on a nice long.
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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.