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Video: Charts of Gold as of May 29, 2019

May 29, 2019 at 14:20 by Vladimir Vyun

In the present video, Peter Martin from Trading 212 discusses gold as of May 29, 2019. Peter kicks off the video with explaining what fundamental factors were affecting the metal recently and what factors may affect it in the immediate future. He proceeds then with discussing weekly, daily, and 4-hour charts of gold. On the weekly chart, the commodity was moving sideways. On the daily chart, the movement has more downside bent to it, with highs progressively declining, though lows staying relatively stable. That creates a pattern resembling a downward triangle — a bearish pattern that suggests a possibility of a downside breakout.

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