Consequently, gold prices broke through resistance levels due to the escalating tensions.
As anticipated, the price breached the upper boundary of the triangle formation, surging significantly after surpassing the key level of 2332.0. It continued to climb until encountering resistance near the descending trendline.
The third retest is likely to face resistance. Currently, there are signs of bearish pressure emerging around the vicinity of 2380.0. Although a complete bearish reversal...
✅Gold Trading (May 13th)
As anticipated, the price breached the upper boundary of the triangle formation, surging significantly after surpassing the key level of 2332.0. It continued to climb until encountering resistance near the descending trendline.
The third retest is likely to face resistance. Currently, there are signs of bearish pressure emerging around the vicinity of 2380.0. Although a complete bearish reversal...
✅Gold Trading (May 13th)
