Złoto / Dolar USAShort
GOLD/ Declined soon
GOLD
The price has broken out of the channel and traded above, briefly touching the resistance level of 2699 before reversing.
Repeated testing of this resistance level increases the likelihood of a breakout. If the price successfully breaks above this level, it may soar toward the next resistance at 2730. However, the overall trend remains bearish as long as the price continues to trade below the 2730–2749 zone.
To confirm an uptrend, a decisive breakout above this critical zone is required.
The price has broken out of the channel and traded above, briefly touching the resistance level of 2699 before reversing.
Repeated testing of this resistance level increases the likelihood of a breakout. If the price successfully breaks above this level, it may soar toward the next resistance at 2730. However, the overall trend remains bearish as long as the price continues to trade below the 2730–2749 zone.
To confirm an uptrend, a decisive breakout above this critical zone is required.
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