📉Gold began to rebound consistently within an expanding wedge pattern after testing a horizontal support level. There was a clear rejection from the resistance level above, indicating a bearish signal.
The next bearish indication would be a breakout below the support of the wedge, confirmed by a 4-hour candle closing below it.
This breakout is expected to drive the market to at least the 2015 level. If you have not yet taken a short position, it is recommended to wait patiently for the breakout.
The next bearish indication would be a breakout below the support of the wedge, confirmed by a 4-hour candle closing below it.
This breakout is expected to drive the market to at least the 2015 level. If you have not yet taken a short position, it is recommended to wait patiently for the breakout.
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