11 Jul 2024
Technical Analysis: Gold rising for third day in a row
Gold makes gains for the third day in a row following the formation of a bearish Two-Bar reversal pattern (green-shaded rectangle in the chart below) at the top of the early July up move. This pattern forms after a long green-up day is followed by a long red-down day of a similar length and size. It can be a sign of a short-term reversal. In the case of Gold this has not played out.
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