Gold Technical Analysis: Examining a Bearish Scenario on the 4-H

7 ngày trước

On this time frame, a bearish scenario is unfolding. As seen, the consolidation zone has been broken and then retested, ultimately closing the week with a red candle. It seems that a correction in gold from the current price is not out of reach. If gold prices rise, above the consolidation pattern this scenario will be invalidated.