Forecast: Price making the triple top and rejecting in Small TF's, trendline rejection also seen, Dollar strengthen might have been expected to drop the gold price, while lower yields have reduced the attraction of US Government notes and bonds compared with zero-yielding gold in NY session, so we can expect target 1741, 1736 & 1727
Many confluence confirmed: Downtrend.
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Many confluence confirmed: Downtrend.
Thanks to all those who have followed me and liked my post.
Special thanks to all those who DM me and commented on my analysis wanting to know more about the trade.