Gold is in a price corner resulting from the daily upward trend line and the long-term ceiling resistance, so it is expected to fluctuate in this range for some time. On the other hand, the resistant roof has caused more fall in the second time and this will increase the possibility of fall in the third collision. However, the basal fundamental generally indicates the breaking of this roof.
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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.