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🥇 GOLD - Is it possible to see gold fall?
Gold may be shaken by the news today. As the price can't get out of the flat 2020-2030 for a few days and the market is holding the price back strongly. Consolidation allows to accumulate potential for the market, but it does not mean that a break of one of the boundaries will send the price in the right direction. A false break of the opposite boundary may follow before a fall or rise.
Reasons for further decline ↓
1) Gold can't overcome the previously formed local hikes
2) Density is forming in the resistance zone
3) Due to the US news, the price may form a false breakdown of resistance before the fall
4) Consolidation and gradual price decline - bearish potential
Reasons for further decline ↓
1) Gold can't overcome the previously formed local hikes
2) Density is forming in the resistance zone
3) Due to the US news, the price may form a false breakdown of resistance before the fall
4) Consolidation and gradual price decline - bearish potential
❤️ Telegram channel: t.me/AndeWave
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