Gold is showing weakness after the recent drop, and this bounce looks more like a pause than real strength.
With capital rotating into USD and energy, pressure on gold is still there.
If this push into resistance gets rejected, downside could extend toward the 4650–4615 area.
Trade setup:
Short near resistance zone
SL above 4750
Targets: 4650 → 4615
DYOR ,NFA
#GOLD
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Register on weex and trade with me: 👇
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Get CRYPTOMOJO premium for free 👉 t.me/CRYPTOMOJO_TA
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
