Why is Gold Stalling or Pausing?
The probable reason that Gold is stalling or pausing for the 3 trading days is because it is inside the Very Long Term Resistance. Anything above 1630 on the Monthly basis is a rejection as of now. Current trading Range is 1595 to 1640++.
As you can see, Gold broke out from the Monthly Triangle and the steep drop in the previous week was a re-test Inside the Triangle. Keep in mind the Key Prices as there is a very strong reaction to it. People will be looking at how it will close today - Friday 27 March 2020. Why? This will set the tone for next coming week and months.
As you can see, Gold broke out from the Monthly Triangle and the steep drop in the previous week was a re-test Inside the Triangle. Keep in mind the Key Prices as there is a very strong reaction to it. People will be looking at how it will close today - Friday 27 March 2020. Why? This will set the tone for next coming week and months.
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