💡 GOLD: Strong pressure

Dec 13, 2023

Attempting to recover in the first half of the session, buyers were unable to push the price above the important psychological resistance level of 2000. Selling pressure returned strongly around this resistance level and created a new bearish signal. This price behavior shows that sellers are still in control of the situation, the price will likely continue to go down, those with short positions can continue to hold, the next targets are around 1930 and 1900 respectively.