Gold price is heading towards this significant point of interest.
Downward trend line combined with a strong area of supply/resistance. If gold can push through the supply zone at 1934, one should look for a retest of this area, and then consider a buy. If it is a fakeout however, and gold is rejected from this area of supply, a significant selloff could be seen, down to the next major support levels of 1920, 1908 and 1901
Downward trend line combined with a strong area of supply/resistance. If gold can push through the supply zone at 1934, one should look for a retest of this area, and then consider a buy. If it is a fakeout however, and gold is rejected from this area of supply, a significant selloff could be seen, down to the next major support levels of 1920, 1908 and 1901
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