gold short
Gold is expected to start corrections as there is a decline in investor appetite for buying gold
Especially that gold has reached very inflated levels where from the basic perspective, some countries start heading towards opening their economies gradually, which helps to balance the markets a little and the return of the investor to the stock markets.
We have shown the negative aspects of gold for spot prices with a previous report, but the analysis is new with a new technical perspective, which is a triangle pattern inverted on a 4-hour frame, and gold is present in profit-taking areas, and this confirms the breaking of the important support area at 1672.94 levels. Almost gold
Especially that gold has reached very inflated levels where from the basic perspective, some countries start heading towards opening their economies gradually, which helps to balance the markets a little and the return of the investor to the stock markets.
We have shown the negative aspects of gold for spot prices with a previous report, but the analysis is new with a new technical perspective, which is a triangle pattern inverted on a 4-hour frame, and gold is present in profit-taking areas, and this confirms the breaking of the important support area at 1672.94 levels. Almost gold
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