Gold Market Analysis: A Bearish Outlook

Gold Market Analysis: A Bearish Outlook

Technical Analysis
From a technical perspective, gold prices tested a strong resistance zone, causing further selling pressure.
The price is already reacting, but we do not have any confirmation that it can go lower.

However, the larger picture projection shows the possibility of a complex WXYXZ or WXY pattern. This suggests that sellers may soon gain control of prices.

You may watch the analysis for further details!
Thank you!