GOLD (XAUUSD) Important Decision Ahead
hey traders,
gold is stuck within an important decision zone.
the price is currently trading below a major falling trend line and key horizontal structure resistance.
at the same time, a minor rising trend line serves as the resort for buyers right now.
the range between them becomes shorter and shorter.
we need to wait for a daily violation of that zone to clarify the future direction of the market.
I remain bearish biased because of the current local bearish trend on a daily t.f + lower high formation.
however, everything can happen so I prefer to wait.
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