DeGRAM | GOLD on major resistance

OANDA:XAUUSD   Gold Spot / U.S. Dollar
GOLD has rejected the resistance level and pulled back.

The market failed to make new highs and close above the resistance, which indicates the bulls are running out of steam.

Price action is likely to retest the support level after a false break.

We expect a short term pullback from resistance.


Share your opinion in the comments and support the idea with like. Thanks for your support!

🚀TOP 1 broker🚀
🔻FREE Telegram channel🔻
🔻Contact for Paid SIGNALS🔻

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.