We have seen gold fall below the key support level of 1765 indicating that the bears have confirmed control to take this market lower. The 3rd test of our long-term bear channel leaves us waiting on signs of reversals.
A falling wedge can be seen on the 4hr which we await confirmation on now.
A falling wedge can be seen on the 4hr which we await confirmation on now.
Note
Bulls should have eyes all over this chart for an entry point.
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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.