Sell from weak resistance buy from strong support thank me later
Gold is trading within a bullish ascending channel but faces significant resistance near 2655, a failure to hold above 2640 may lead to a bearish retracement. The volume profile shows that High Volume Nodes (HVNs): Heavy trading activity is concentrated around 2655 - 2660, indicating a significant area of interest for institutional traders to short the instrument. The price may retrace to 2600-2610 level then bounce back, keep and eye to the war in Europe, if news are right we'll see gold skyrocket.
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