Gold Trading Plan!
Updated
Gold has recently broken its ascending trendline and is currently trading below the resistance zone. It is expected that after a pullback to the broken level, the price will resume its downward movement, targeting at least the specified support level.
If the price confirms the pullback and reacts at the resistance level, short positions can be considered. The initial target for this decline is the identified support zone on the chart.
If the price confirms the pullback and reacts at the resistance level, short positions can be considered. The initial target for this decline is the identified support zone on the chart.
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