As you can see, gold is currently returning to its resistance level and has the potential to be rejected. The previous ATH increase was just a fake out and the current pullback is only to form a higher low and will form a lower low at our target. This pattern is 95% successful.
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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.