Gold Bulls Beware: Resistance at 1948-1952 Could Lead to Bearish
Gold was able to rise up to 2052 after its downtrend and created an ascending channel in the 4-hour timeframe. It has now reached the ceiling of the channel. However, we have an important resistance for gold at 1948-1952. After encountering this resistance, we can expect gold to move down towards the bottom of the channel.
If this support level breaks, we can expect 2018 .