Short
Gold correction time
Gold has been rising since the beginning of November. After it made a reversal from the lower support level, the asset began to go in a confident growing trend. Now there is a price adjustment. And we are testing the resistance level. Also on the chart you can see a rising wedge, and most likely we will leave this price zone for a correction. Also on the chart there are two potential levels to which we can reach.
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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.