Gold is overall very bullish. But at the moment we see a clear HeadnShoulder Pattern at the top of the structure with a LTF bearish move. Right now there is a LTF correctional structure. When this pattern develops a litte more and we see a break out from this pattern we can expect more bearish movement.
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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.