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Gold’s Downtrend Lines Grow Shallower as Reversal Depends on a Break

Gold’s Downtrend Lines Grow Shallower as Reversal Depends on a Break

Photo: TokenPost

Gold’s successive downtrend lines have lost steepness; a break of the newest line could precede a sharp rebound. The pattern is conditional and does not establish that a reversal has begun. A chart accompanying the analysis showed spot gold at about $4,040. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost

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