Remember that we are anticipating the inflation rate today, which could prompt a significant reaction from ⚠️Gold.
The market is currently showing a descending triangle formation on the intraday chart and is testing its neckline. If the price breaks and closes below this level, it could signal a strong bearish trend, potentially pushing prices down to the 2163 level.
It is advisable to wait for the news release and a breakout before making any trading decisions for a more reliable confirmation.
The market is currently showing a descending triangle formation on the intraday chart and is testing its neckline. If the price breaks and closes below this level, it could signal a strong bearish trend, potentially pushing prices down to the 2163 level.
It is advisable to wait for the news release and a breakout before making any trading decisions for a more reliable confirmation.
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