The market broke through the range zone and extended upward. Gold is forming a potential double top at the resistance zone. The price was rejected at this weekly level. The price is slowing down near the resistance zone, which suggests that bulls might not have the strength to push the price higher.
I look forward to a pullback towards support from resistance. Fake breakout of the small range and go down, or straight downward move.
My goal is the support level at 2055.
I look forward to a pullback towards support from resistance. Fake breakout of the small range and go down, or straight downward move.
My goal is the support level at 2055.