Gold has been in a descending channel,however it is noted that price forming a double top broke the lower low. Moreso the neckline resting on the same lower low signify that the area is a strong support. SO It is expected of price to retest that same support
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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.