Gold rally from lows is very strong and It has stalled and spent so much time near these areas, In order to point that strong holders are in dominance one should look to spent time near highs but breakout and shift in momenutum has nothing to do this time.
May be strong holders left the rally around this areas and recent breakout has been done by weak or small position traders and IF that is correct, we should soon see strong liquidation today or days to come.
I would bet on that sell-off today because of lot of high Impact News, First ECB rate decision and then "Non Farm Payrolls".
In the chart below I have pointed whether the recent breakout has been hold by "Strong holders", and if that the case they won't let sellers to get hold and will keep moving the price higher immediately after the Momentum fades out by price again breaking below the upper boundary of "Blue rectangle".
Gold Chart Possible false breakout followed by reversal
Simple rules when price spent so much time near highs then it works as double edge swords that whether strong holders are no longer interested, then it is overtaken by small holders and they continue to buy on dips and make a breakout but then immediately strong holders make their presence and create massive liquidation and that could be the case here as well in Gold chart.
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