Gold might be bearish as we can see the bullish momentum is getting weaker day by day. On a Daily timeframe, the price in compression mode and yesterday's candle shows bearish spinning top. It is a reversal signal and let us wait for a significant drop and the best entry is at the pullback/retracement.
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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.