Gold Stagnates at Resistance: A Breakdown Imminent?
Updated
https://www.tradingview.com/x/Pa5Z8n5M/
Gold has been consolidating at its high levels for some time, with the resistance zone clearly defined. As long as this resistance remains unbroken, the primary focus should be on short positions. The longer the price consolidates, the sharper the eventual decline is expected to be.
Gold has been consolidating at its high levels for some time, with the resistance zone clearly defined. As long as this resistance remains unbroken, the primary focus should be on short positions. The longer the price consolidates, the sharper the eventual decline is expected to be.
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The downtrend has started, the bears have made good profits, and judging by the current pattern, it will eventually fall lower.
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