The market's current reluctance to accept a 3.65% rate and the potential for further dollar support can act as resistance for gold, confirming the bearish scenario.
A break of the 1954 dollar pivot could serve as a suitable confirmation for the continuation of the downward trend.
A break of the 1954 dollar pivot could serve as a suitable confirmation for the continuation of the downward trend.
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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.