GOLD - Waiting for a false breakdown
Gold is testing the resistance of the actual trend. The area, which the price entered, does not realize the potential, which the market was counting on. There is no strong surge in volume and volatility after breaking the trend boundary. In addition, today is a non-working day in the US due to a holiday. Given these reasons, gold has a very high chance of forming a false breakdown of resistance and the high of Friday's trading session and starting another decline in the trend. Reasons for further declines: Bearish trend, False breakout of resistance on low volumes, Dollar is strong and this is negative for gold, No structure breakout
All about GOLD🥇
Trading Tips💡
Secrets of🔑
Analysis📊
Forecasts🔔
FREE TELEGRAM:
🌹 Telegram channel: t.me/Go1dTech
😍 My contact: t.me/GoldTech
Trading Tips💡
Secrets of🔑
Analysis📊
Forecasts🔔
FREE TELEGRAM:
🌹 Telegram channel: t.me/Go1dTech
😍 My contact: t.me/GoldTech
Related publications
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.