Recently, GOLD has experienced a significant bullish rally, though the momentum has recently slowed. Indicators such as the completion of an AB=CD pattern, the formation of a double top, bearish divergence, and a break of the neckline suggest a shift in favor of bearish trends. These technical signals indicate that the odds now favor the bears.
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Trade closed: target reached
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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.