Gold has been falling since the session opened and is testing the 4640 level. The decline is driven by geopolitical factors. Sentiment toward gold is bearish due to capital flowing into energy and the dollar.
The bounce from 4657 was triggered by profit-taking; this does not confirm the presence of bulls.
A false breakout of 4735–4747 will shift the balance of power toward the bears and intensify the downward pressure. Gold may decline to 4650–4615.
The bounce from 4657 was triggered by profit-taking; this does not confirm the presence of bulls.
A false breakout of 4735–4747 will shift the balance of power toward the bears and intensify the downward pressure. Gold may decline to 4650–4615.
Trade active
❤️ Telegram channel: t.me/AndeWave
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.
❤️ Telegram channel: t.me/AndeWave
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.