In my opinion, gold’s growth has begun to fizzle out, and it’s time to go down. The nearest support level is located at 2057.50. I think there is a fairly high probability that it will be passed. And if so, then the quotes may drop to the next level of 2047. I wish everyone not to miss profitable trades.
Note
There is a break at 2057.500, but further downward movement does not look like one that could lead to the next support at 2047. If there is an open sell position, it is recommended to close it.
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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.