Potential trace down for GOLD
Updated
Bearish triangle formation. Difficulties to stay within the bullish channel. Although still supported by the EMA50.
IF it breaks the triangle/EMA50 then it will likely trace down to the next support area
IF it breaks the triangle/EMA50 then it will likely trace down to the next support area
Note
Gold did not break downwards but now looks bullish. It is breaking the triangle upwards and is now (back) within the bullish channel. Expect to go up to 2055 level.
Let's see!
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