Gold Turning Bearish Ahead of Key News – Watch for Major Moves!
Upon further review, it appears I was initially mistaken in my bullish outlook. Gold is expected to tap into the 2519 bearish order block, which will likely trigger a reversal during the London session, potentially driving prices lower, all the way to 2502. However, I still think we could see some consolidation ahead of upcoming news, but the overall very short-term outlook for gold has turned bearish.
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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.