Following a recent downturn, gold has retraced to a significant structure that was recently breached.
I've identified two strong bearish signals after its test: the price broke below the neckline of a double top formation and also fell below a resistance line associated with a bearish flag pattern.
These breakouts suggest a strong likelihood of a continued bearish trend.
It is highly likely that the market will keep declining, reaching the 2646 level shortly, followed by the 2637 support level.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.