Despite the fact that Gold is currently in a long-term bullish trend, there are some bearish signs to consider.
Firstly, the pair broke a support trend and closed below it on an hourly time frame.
Secondly, the price has formed a descending triangle pattern and is close to breaking below its neckline, indicating a potential sell signal.
These two bearish indicators suggest that the market may experience a drop in the near future, with potential targets at 2394 and 2375.
Firstly, the pair broke a support trend and closed below it on an hourly time frame.
Secondly, the price has formed a descending triangle pattern and is close to breaking below its neckline, indicating a potential sell signal.
These two bearish indicators suggest that the market may experience a drop in the near future, with potential targets at 2394 and 2375.
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