Gold pulls back to the broken trendline
This is a monthly chart. I used simple trendline analysis to show a bird-eye view.
Gold is moving up to retest the broken orange trendline around $1570.
Watch the reaction there. If it fails then another leg down to follow as it shown on the chart.
Gold is moving up to retest the broken orange trendline around $1570.
Watch the reaction there. If it fails then another leg down to follow as it shown on the chart.
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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.