Technically speaking, gold still remains bearish while it is trading within this major falling channel .
Now the price is testing its resistance and its future direction strictly depends on the reaction of the market participants to that.
For shorting wait for a bearish breakout of a small rising wedge pattern.
It will be a perfect confirmation.
For buying wait for a bullish breakout of a major falling channel .
Wait for a decision and only then act accordingly.
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