🥇 GOLD - Inside flat from resistance to support

٧ فبراير ٢٠٢٤

Gold is trading inside the flat. The standard situation of price movement inside the range - from resistance to support and vice versa. Accordingly, the price is testing the resistance area of the sideways trend and is apparently now heading towards support. We are waiting for a decline to 2022

Reasons for further decline:

1) Price is in sideways movement (flat)
2) Resistance is tested
3) Liquidity below 2023 becomes the target after the retest
4) Strong dollar negatively affects gold