Gold is approaching resistance, potential reversal
Price is facing bearish pressure from our resistance and Ichimoku cloud, where we could see a reversal below this level to our first support target. Our first resistance level is in line with our horizontal overlap resistance and 50% fibonacci retracement where we could see a further drop below this level.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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