🥇 GOLD - Retest of resistance before further decline

26 Feb

Gold has been strengthening all last week and today, Monday, it reaches a strong resistance where the correction phase may find its end. Globally, earlier, we saw a change of trend and at the moment the market is starting to look for a change of sentiment towards selling. Consolidation below 2035-2031 will form a bearish potential

Reasons for further decline:

1) False breakout of the structure
2) Retest confirms the setup
3) False breakout setup ends the correction
4) Consolidation below the maximum volume zone
5) Market target - liquidity area 2015