📈 Gold is testing crucial resistance
Looking at the gold market on H4 interval, one can see that the price is once again testing the key resistance area. The zone marked with a purple colour on the screen below results from the upper limit of 1:1 structure and previous price reactions. According to the classic technical analysis, as long as the price sits below the $1,915, continuation of the downward move looks possible. However, one should keep in mind that the chance of breaking above increases with each subsequent test.
GOLD H4 interval. Source: xStation5
