Looks like Gold has accepted its faith and is preparing to drop like a needle. The price has been consolidating for a while now, so a big move should be around the corner. We were bullish on this pair before, but our sentiment has changed at last. We are now expecting the price to keep dropping and reach the area of important demand identified on the chart.
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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.