Here's my take on gold; I hope you find it useful!
We had a trend reversal after a long uptrend when the price hit the major resistance, forming a head and shoulders pattern, which is a pattern that indicates the downtrend will continue, plus the quick retest on the support, which intersects with the major trend line, indicate that we may have a breakout, the bollinger bands indicator shows a small breakout, and we had a pullback on the RSI moving average, which shows that bears still have the power to push the price. Please don't enter a short precision without trend line breakout as a confirmation and keep a watch on the headlines since the Russian war has infected the markets these days, and GOLD is generally bullish!
We had a trend reversal after a long uptrend when the price hit the major resistance, forming a head and shoulders pattern, which is a pattern that indicates the downtrend will continue, plus the quick retest on the support, which intersects with the major trend line, indicate that we may have a breakout, the bollinger bands indicator shows a small breakout, and we had a pullback on the RSI moving average, which shows that bears still have the power to push the price. Please don't enter a short precision without trend line breakout as a confirmation and keep a watch on the headlines since the Russian war has infected the markets these days, and GOLD is generally bullish!