Dear readers, as I predicted yesterday, Gold reversed its direction and opened the trading session below the $1975 level. I previously mentioned that Gold had the potential to retest in order to gather momentum for further upward movement. Therefore, upon analyzing the 1-hour chart, we can observe that Gold has broken the uptrend. It is expected to retest the support level before establishing a new upward trend. What are your thoughts on this matter?
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Note
Perhaps the support level is being checked now. Please wait for a new report from me
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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.