🥇 GOLD - Price is preparing for a decline
GOLD is preparing to continue falling amid the current environment. The dollar is strengthening as the interest rate cut is postponed, which will allow the index to strengthen, which is a negative lever for gold. The metal is under selling pressure and the 2015-2020 area may not hold and break down.
Reasons for a possible decline:
1) Strong dollar is bad for the metal
2) Local downtrend
3) Price is not trending upward, but back to support on retest
4) There are no fundamental reasons for the metal price to strengthen
5) Sellers are increasing volumes
Reasons for a possible decline:
1) Strong dollar is bad for the metal
2) Local downtrend
3) Price is not trending upward, but back to support on retest
4) There are no fundamental reasons for the metal price to strengthen
5) Sellers are increasing volumes
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