Gold experienced a pullback following a recent bullish breakout that occurred amidst a bearish trend. If the price finds support once more at the highlighted hourly support level, we could witness a bullish reversal and a potential upward movement. However, if gold fails to hold above the support and undergoes a bearish breakout, we can expect a further decline in price.
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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.