GOLD: Broken Trendline, Retest in Progress

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GOLD: Broken Trendline, Retest in ProgressGoldOANDA:XAUUSDmelikatrader94Hi! Gold has clearly broken the rising trendline, signaling weakness in the bullish structure. Price is now retesting the broken trendline from below, which acts as dynamic resistance. As long as price stays below this zone, bearish continuation is favored Rejection here can open the door for a deeper pullback Bulls need a strong reclaim above the trendline to regain control