🥇GOLD - Retest of the reversal zone. Are we waiting for a fall?

٢٨ فبراير

Gold is declining, although the whole market was expecting a rise to higher zones. There is a strong pressure on the market due to the upcoming news, as well as the strengthening of gold. The gold market is trading in a narrow range and is forming a kind of consolidation, therefore, it is possible to trade relatively strong levels

Reasons for further decline

1) Weak gold market
2) The area of 2030 - 2040 is a strong resistance.
3) There is strong selling pressure in the market
4) The dollar is rising and this has a negative impact on gold