Yesterday, I pointed out that #GOLD struggled to break a short-term trend line acting as resistance and also broke another trend line that was providing support, suggesting it could drop further. Some of you laughed at me because this didn’t happen on Friday, and gold even closed the week at a new all-time high.
However, notice that it is still below those lines. As long as gold stays under them, it remains in a vulnerable position. I wouldn’t be surprised if it starts to fall next week. And if gold drops, #Silver is likely to follow.
Apologies for the negative tone, but this is what I’m seeing.
XAUUSDT
دائم
5,121.07
-1.08%