Contributors Technical Analysis Gold Breakdown Needs Confirmation

Gold Breakdown Needs Confirmation

Price has dropped sharply in the last two days and has managed to drop below the uptrend line and much below the warning line (WL1) of the major descending pitchfork. Remains to see if this will be a valid breakout, we still need a confirmation that will drop further. A retest of the WL1 followed by a minor drop will validate a further decrease.

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