🥇 GOLD - Weak purchasing power. Possible fall
Gold in all likelihood may decline. On the chart, technically, there is a situation that may indicate that the price is preparing for further decline.
Reasons for further decline ↓
1) reversal setup
2) retest of support at 2020.13 - strong pre-breakout potential
3) negative fundamental background for gold
4) support breakout attempt may lead to a true breakout formation
Reasons for further decline ↓
1) reversal setup
2) retest of support at 2020.13 - strong pre-breakout potential
3) negative fundamental background for gold
4) support breakout attempt may lead to a true breakout formation
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