Gold forms a technical pullback to the resistance area of 2016. A retest of 2016 forms a consolidation below the level and the market gives us a sell signal
TA on high timeframe: 1) Price closes near a strong support level - possible development of a sell scenario 2) The price is not ready to recover yet, as gold hits resistance at every attempt
TA on the low timeframe: 1) A retest of 2016 forms a consolidation below the level. This opens us up to bearish potential 2) A downward price channel is forming. 3) Price on Monday could test support 2000 followed by a breakdown and a fall to 1990 and 1977
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