Gold Fails to Break Resistance
On the daily timeframe, gold has failed to close above the resistance level, indicating a weakness in the upward trend. Additionally, we can't overlook the reversal candlestick that formed at the peak. I anticipate sellers taking control of the gold market this week.
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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.