GOLD: will gold go higher?
The instrument is globally in a descending channel, at the moment we have broken through a strong resistance. After a long upward distribution, it can be assumed that the instrument has no energy to continue moving, the most logical thing would be to wait for a return beyond the resistance level, and then take any actions. I'm expecting a return to the support area
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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.