Gold has broken back inside the higher time frame range, with price stalling on the monthly chart — a clear sign of indecision. On the 4-hour chart, a clean downtrend is forming and appears likely to hold. Despite visible rejection wicks suggesting temporary buying pressure, the broader structure hints at a potential retest of the broken trend line or even a fakeout to trap early buyers. If the trend remains intact, we could see price rotate lower toward the bottom of the range.
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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.