GOLD is in the consolidating zone following the drop from the resistance.
The market broke and closed below the ascending channel.
Price tested the resistance three times, and the fourth was a false break of the resistance level.
We anticipate further consolidation until a new trend is confirmed, when the price breaks a recent high or low.
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The market broke and closed below the ascending channel.
Price tested the resistance three times, and the fourth was a false break of the resistance level.
We anticipate further consolidation until a new trend is confirmed, when the price breaks a recent high or low.
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Share your opinion in the comments and support the idea with Like. Thanks for your support!
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