The Weekly Chart Parallel Channel holds consistent resistance and support lines. The 4-hours chart supports that difficulty of GOLD to break the upper resistance. The RSI also shows overbought condition which supports that theory.
Therefore, we have decided to SHORT Gold.
Therefore, we have decided to SHORT Gold.
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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.
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.