Or, weekend favorable news + support technique, the probability that gold breaks through 4580 is quite high, but in reality, it has not broken through. Fortunately, there was no false breakout either, so this wave can be considered as having escaped a disaster. Technically, whether this breakout occurs or not, it is more like a breakdown, then turn around.



Of course, it could also be a consolidation, as everyone has seen recently, gold's continuation trend is not very good, mostly consolidating for a few days, with a wave completing in 2-3 days, not giving you a second entry opportunity, and if it does, it’s a trap.

Referring to the image view, make your own plan well, and set good stop-losses. Do not have obsessions when trading.
GLDX-1,34%
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