GOLD, Gold and XAUUSD - page 121
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From a technical analysis perspective, the current situation is as follows:
on the W1 timeframe – a downtrend
On D1 – downtrend
on H12...H6 – flat
on H2 – an uptrend...
Conclusions: The overall assessment of the current situation for gold is a downtrend, but there is currently a pullback...
Will this pullback turn into a trend reversal? It’s hard to say...
Best course of action: stay out of the market for now..., wait for ALL trend indicators to reverse in the same direction...