Gold Euro will likely transition from a bullish into a bearish trend as price action is developing in that trajectory. Price action failed to stabilise above 2600, and the bullish move was rejected upon reaching this mark. As of now, the yellow metal looks headed towards the downside.
The nearest support is were it might reignite bullish interest. Conversely, the long term bearish move may be confirmed if the price breaks the correction phase it is currently in and stabilising under 2470.
The nearest support is were it might reignite bullish interest. Conversely, the long term bearish move may be confirmed if the price breaks the correction phase it is currently in and stabilising under 2470.
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