🥇 GOLD - Retest of resistance before further decline
Gold has been strengthening all last week and today, Monday, it reaches a strong resistance where the correction phase may find its end. Globally, earlier, we saw a change of trend and at the moment the market is starting to look for a change of sentiment towards selling. Consolidation below 2035-2031 will form a bearish potential
Reasons for further decline:
1) False breakout of the structure
2) Retest confirms the setup
3) False breakout setup ends the correction
4) Consolidation below the maximum volume zone
5) Market target - liquidity area 2015
Reasons for further decline:
1) False breakout of the structure
2) Retest confirms the setup
3) False breakout setup ends the correction
4) Consolidation below the maximum volume zone
5) Market target - liquidity area 2015
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