Gold Spot / U.S. Dollar
Short

Gold: Price presses on the support 02/05

138
Gold prices return to press on the support line that is 1977 after testing this pattern’s resistance line yesterday, to support the continuation of the expected bearish trend for the upcoming period, reminding you that our next target is located at 1965



The MA50 forms continuous negative pressure on the price, reinforcing the chances of continuing the domination of the correctional bearish trend, but for that 1977 needs to be break

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.