Gold has failed to breakthrough the previous resistance indicating a strong sellers hold around $3440 region. Now since the price has stared dropping we can see it dropping around $2800 in long term. In order for this to happen we need strong confirmation, which will help us understand the possible volume.
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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.