Bearish confirmation
Gold change direction on Monday after Tesla surpassed a market value of $1 trillion on Monday, making it the fifth such firm to reach the milestone.
And it increased the demand of USD with $1 trillion ,which is more cash flow , more cash flow within the economy strengthen the currency value .
•Gold price is still consolidating under 1800
•The previous candlestick on D1 formed hanging man(reversal pattern) on a uptrend
And it increased the demand of USD with $1 trillion ,which is more cash flow , more cash flow within the economy strengthen the currency value .
•Gold price is still consolidating under 1800
•The previous candlestick on D1 formed hanging man(reversal pattern) on a uptrend
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