The pivotal point where Gold must break out if the bulls stand a chance of rejecting the downward/bearish wedge in play. The falling resistance coupled with the resistance level presented around 1819 gives a real test to the bulls in recovering recent losses caused by economic data for the US.
Bulls must break out here and show stronger signs of a push higher.
The 1hr candle closing at 1600 GMT showing early signs of rejection from this area of resistance.
Bulls must break out here and show stronger signs of a push higher.
The 1hr candle closing at 1600 GMT showing early signs of rejection from this area of resistance.
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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.