🥇 GOLD - Consolidation after false resistance breakdown
GOLD is forming a bearish market sentiment after the false breakdown of 2047. Apparently, the market is forming a negative fundamental background and is preparing to make new lows. Technically, the bears continue to pressure the gold price and form a strong consolidation below the strong resistance
Prerequisites for further decline:
1) NFP may have a negative impact on the gold price
2) Yesterday formed a negative fundamental background
3) Support retest
4) Price consolidation under the strong level of 2047.9
Prerequisites for further decline:
1) NFP may have a negative impact on the gold price
2) Yesterday formed a negative fundamental background
3) Support retest
4) Price consolidation under the strong level of 2047.9
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