GOLD (XAUUSD): Significant Bearish Breakout
Quick Gold Update.....
Gold has now decisively broken and closed below a key intraday support level after a period of consolidation.
Upon retesting this broken support, a strong bearish reaction followed, suggesting that the market is likely to continue its decline.
The next support level to watch is 2896.
Gold has now decisively broken and closed below a key intraday support level after a period of consolidation.
Upon retesting this broken support, a strong bearish reaction followed, suggesting that the market is likely to continue its decline.
The next support level to watch is 2896.
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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.