XAUUSD Long-Term Outlook: Distribution Phase Ć¢ĀĀ Lower High Ć¢ĀĀ Move
Gold is currently showing signs of weakness after rejecting a major supply zone around 5360. The structure suggests a transition from an impulsive bullish trend into a distribution phase. Price has already broken out of the rising channel, confirming loss of momentum. I expect a short-term recovery into the 5000ā5200 selling area, forming a lower…
