Gold violated $1,306 to test $1,309 but the breakout later converted into fakeout. Taking a look at the 4- hour chart, the bullish breakout candle peaked to $1,309 but fell back to close below $1,306. This signifies that the investors are still respecting $1,306 as a resistance.
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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.