GOLD update - Nov 26 2024
GOLD followed last week's analysis nicely when it reached $2,720 zone and started a heavy drop on Monday, Nov 25.
As mentioned previously the recent up move in Gold (from $2,530 to $2,720) has probably been a temporary correction in the major mid-term downtrend.
Upon breaking below the indicated trendline, Gold shall continue its downward move creating a nice trading opportunity for a sell position.
As mentioned previously the recent up move in Gold (from $2,530 to $2,720) has probably been a temporary correction in the major mid-term downtrend.
Upon breaking below the indicated trendline, Gold shall continue its downward move creating a nice trading opportunity for a sell position.
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