Gold Faces Resistance as Bulls Pause and Bears Emerge
Gold pushed through key resistance but quickly met selling pressure, forming a bearish engulfing candle that signals a possible short-term pullback.
Gold pushed through key resistance but quickly met selling pressure, forming a bearish engulfing candle that signals a possible short-term pullback.
Will the rally gain traction — or stall at the final hurdle?
Gold prices are surging, having successfully defended crucial support levels.
As we settle for the next trading week, the market movements have set the stage for more opportunities.
Will buyers overcome the crucial resistance, or will gold reverse lower, confirming further declines?
My name is Frano Grgic and I am the author of the Forex blog GetKnowTrading.
I am an engineer who ventured into the Forex (foreign exchange) market in search of new opportunities. Believing that Forex offers a valuable avenue for additional income, I immersed myself in learning everything I could about this complex market.
Initially, understanding Forex was a challenge due to the abundance of unfamiliar information. Through extensive research and persistent effort, I gradually gained a comprehensive understanding of the market. This journey inspired me to share my knowledge and insights with others, especially those new to Forex.
To help others navigate the Forex world more easily, I started the GetKnowTrading blog where I explain Forex concepts in a simplified manner. My aim is to make the market accessible and comprehensible to everyone, regardless of their prior experience.