Gold four hour chart shows price resolving in favor of bears from the contracting pattern.
Daily chart shows price nearing Golden ratio and support levels. Gold bears must close below golden ratio for extending gains.
GOLD Support and Resistance levels
Price contraction continues in 4 hour time frame. Daily cloud is the
crucial support. Closing below the cloud may lead to a breakdown from
this contraction. For gold bulls the breakout is going to be tough as
the overhead resistance levels looks strong.
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