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What are your thoughts on GOLD?
Gold, after breaking its upward trendline and declining to the 2833 level, has now pulled back to the broken level and is currently positioned below a resistance zone. It is expected that, after some consolidation, the price may continue its decline towards the identified lower levels.
However, the long-term trend remains bullish. Holding below this resistance may increase selling pressure and lead to further corrections, while a breakout above this level could signal a continuation of the uptrend.
What are your thoughts on gold’s next move? Share your insights below!
Don’t forget to like and share your thoughts in the comments! ❤️
What are your thoughts on GOLD?
Gold, after breaking its upward trendline and declining to the 2833 level, has now pulled back to the broken level and is currently positioned below a resistance zone. It is expected that, after some consolidation, the price may continue its decline towards the identified lower levels.
However, the long-term trend remains bullish. Holding below this resistance may increase selling pressure and lead to further corrections, while a breakout above this level could signal a continuation of the uptrend.
What are your thoughts on gold’s next move? Share your insights below!
Don’t forget to like and share your thoughts in the comments! ❤️
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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.
✅MY FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/+1gFAIO4CJJw3NTU0
✅INSTAGRAM:
instagram.com/marketanalaysis
t.me/+1gFAIO4CJJw3NTU0
✅INSTAGRAM:
instagram.com/marketanalaysis
Related publications
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.