After exhausting buyers with a strong drop, Gold is now coiling in a descending channel. Unless bulls step in soon, the probability favors a breakdown targeting recent lows. Here's the bearish setup and what could flip the script.
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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.