Tripple top forming within the wedge. Breakthrough on the downside. Continuation long-trend. Take profit at 3 %. (For entertainment purposes only).
This chart suggests a short-term bearish outlook for gold, with a potential breakdown targeting $2,665 and $2,536, unless it breaks above $2,790 to resume its uptrend. In the short- and medium-term, gold could face heightened competition from a crypto-rush, fueled by a crypto-favorable stance from the new administration in Washington, potentially accelerating...