Analyst Christopher Lewis pointed out that the gold market fluctuated back and forth during Monday's trading session, extending to the top of the already formed triangle.
Lewis said that the gold market seems to have peaked again near $1750, and I think this area will continue to provide a lot of resistance. This is not only based on the fact that large-scale selling has been seen in this area, but the downward trend line is now forming the top of a symmetrical triangle.
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