We are likely to see a drop in the price of Gold at the resistance point as highlighted in the chart.
The validity of the thesis will be confirmed by a Trend line break to the downside. If price holds above resistance, the position will be revised.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.