Gold's Bearish Sentiment Rises with Upcoming Central Bank Decisi

Gold's Bearish Sentiment Rises with Upcoming Central Bank Decisions

Gold is currently experiencing a period of volatility, with market indicators suggesting a potential bearish wave. Several factors are contributing to this outlook:

Recent technical analysis shows that gold is forming a descending triangle pattern, which is often a bearish signal.
The upcoming decisions by major central banks, including the Federal Reserve and the European Central Bank, are causing uncertainty in the market

If gold breaks below the critical support level of 2,730-2735, it could initiate a bearish wave, with further declines towards 2720 ; 2690 and 2665

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