GOLD: The Bearish Pattern is Still ValidGOLD: The Bearish Pattern is Still Valid
From our last analysis on GOLD that I shared with you on Friday we can see that the price already moved down and reached the first target.
Given that the bullish trend is yet too strong we faced in a profit taking zone corresponding to a strong psychological number 3000 and the price increased.
Currently GOLD tested the neckline of the pattern. The risk remains very high again but the chances are that it can move down as it was showing previously.
You may find more details in the chart!
Thank you and Good Luck!
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