🥇 GOLD - Weak purchasing power. Possible fall

١٨ ديسمبر ٢٠٢٣

Gold in all likelihood may decline. On the chart, technically, there is a situation that may indicate that the price is preparing for further decline.

Reasons for further decline ↓

1) reversal setup
2) retest of support at 2020.13 - strong pre-breakout potential
3) negative fundamental background for gold
4) support breakout attempt may lead to a true breakout formation