GOLD PRICE ANALYSIS 31 MAY 2023

Last gold tested 1932 and was unable to break 1930 level and bounced back to 1965. So technically it is forming another HL at this level and will continue it's bearish trend. next important resistance is 1972, 1977 and 1982. While gold can continue it's bearish trend and go to test 1927 level. On 4H candle it is perfectly formed according to DOW Theory. So we will take another short entry from here.
Chart PatternsTrend Analysis

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