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What are your thoughts on GOLD?
Gold pulled back after printing a fresh high and reacting to the latest FOMC meeting. It has since broken below key support and also violated its ascending trendline.
In the short term, price action is expected to remain range-bound to bearish, heading toward the next support zone.
As long as price remains below the broken trendline and resistance, the short-term bias stays bearish to sideways.
However, in the medium term, the overall outlook remains bullish, and a fresh upside wave may develop once the correction is completed.
Don’t forget to like and share your thoughts in the comments! ❤️
What are your thoughts on GOLD?
Gold pulled back after printing a fresh high and reacting to the latest FOMC meeting. It has since broken below key support and also violated its ascending trendline.
In the short term, price action is expected to remain range-bound to bearish, heading toward the next support zone.
As long as price remains below the broken trendline and resistance, the short-term bias stays bearish to sideways.
However, in the medium term, the overall outlook remains bullish, and a fresh upside wave may develop once the correction is completed.
Don’t forget to like and share your thoughts in the comments! ❤️
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t.me/+1gFAIO4CJJw3NTU0
âś… MY INSTAGRAM :
instagram.com/marketanalaysis
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.
âś…MY FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/+1gFAIO4CJJw3NTU0
âś… MY INSTAGRAM :
instagram.com/marketanalaysis
t.me/+1gFAIO4CJJw3NTU0
âś… MY INSTAGRAM :
instagram.com/marketanalaysis
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.