Will we see a new decline in gold?From the beginning of the year, a downtrend in H4 gold began.
It represents a correction of the rise in 2020.
And the main question always, is it time to buy or will we see another drop?
It will become clear today!
We are currently facing resistance from the trend line, as well as resistance from previous peaks.
This is an opportunity to look for a new decline to the previous bottom, and in case of a break even lower.
The important event today is - Fed's Chair Powell testifies
Watch for movement beforehand!
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