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

The pattern could precede an upside reversal if the latest trendline breaks. A chart accompanying the analysis showed spot gold at about $4,040.

By Enna Lee
Published
A gold bar rests beside a chart of progressively shallower declines / TokenPost.ai
A gold bar rests beside a chart of progressively shallower declines / TokenPost.ai

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

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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