Gold may be headed towards a short term reversal, based on the rejected resistance, broken trend line and decreasing volume. If setup is correct, it would make a very good buying opportunity after finding its support and wouldn't discard the possibility of even new highs.
Note
wouldn't discard the possibility*
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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.