Gold is approaching resistance, potential reversal

Price is facing bearish pressure from our resistance and Ichimoku cloud, where we could see a reversal below this level to our first support target. Our first resistance level is in line with our horizontal overlap resistance and 50% fibonacci retracement where we could see a further drop below this level.

Chart PatternsGoldgoldshortHarmonic PatternsTrend Analysis

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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