GOLD is bearish on lower timeframe and the break of demand floor on daily and a potential retest has given sellers the power over price. The inability of buyers to cross the 4hr descending trendline acting as dynamic supply roof is a signal of more bearish days ahead. The daily ema+sma strategy aligns with our demand floor indicating a potential drop in price of the yellow metal...apply cautious wait and see approach..#gold
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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.