With the recent strength in US equities, the long gold trade may be over. Gold broke below a key trendline and formed a distinct bearish head and shoulder pattern signifying possible downside pressure coming up today and into the next week. Definitely worth watching for futures traders. First target with a break lower would be around $3240 with a lot of downside from there.
discord.gg/REapC6SGtz
b3artrades@gmail.com
b3artrades@gmail.com
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discord.gg/REapC6SGtz
b3artrades@gmail.com
b3artrades@gmail.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.