GOLD: False breakout and fall
Gold has broken through the resistance of the global downtrend channel. I suppose that after the distributive movement, consolidation is formed at the level, we are waiting for further reaction, I expect the price to drop to the support level of the local ascending channel.
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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.