🥇 GOLD - Is the price getting ready to fall further?
Gold may continue to fall in the medium term as there are now no clear reasons for further gains. Fundamentally, the dollar still looks strong, which could technically weaken gold. For the gold market and market maker, there are important targets below 2000, where, theoretically and technically, could bring the price down.
Reasons for further decline:
1) False PDH breakout, no reaction and no upward momentum
2) Negative fundamental background for gold
3) Local trend is bearish (tops are declining, lows are declining)
4) Retest of resistance leads to a false breakout. Bears are showing strength
Reasons for further decline:
1) False PDH breakout, no reaction and no upward momentum
2) Negative fundamental background for gold
3) Local trend is bearish (tops are declining, lows are declining)
4) Retest of resistance leads to a false breakout. Bears are showing strength
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