黃金現貨 / 美元已更新

Gold formed a bearish descending triangle

Price action around 1867.64, which represents 38.20% Fibo from the decline that began on April 18th, is bearish.

Price formed a descending triangle and broke below levels of support 1840, indicating that the decline will continue.

However, due to weak momentum on shorter timeframes, we may see a pullback to test 1840 as resistance levels (where we could short) to 1780 dollar targets.
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Gold showed no signs of bearish price action around levels of resistance 1840. Short position no longer valid.

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