Gold's Next Move? My Monday Outlook - What Do You Think?
My two potential scenarios are: Breakout to the Upside: If we see a strong push above this zone, I'm eyeing a move towards the recent highs. (The upward arrow on the chart) Rejection and Downtrend: Alternatively, if this zone holds as resistance, we could see a continuation of the recent downward pressure. (The downward arrow on the chart).