Gold reached an important horizontal daily resistance. Approaching that the price violated a support of the rising wedge pattern on an hourly time frame after a CPI release.
I expect a bearish movement to a support line of a rising channel now. Its bearish breakout, will push the prices even lower.
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.