New Low formed at #1,489.90 as Hourly 5 assuming control of the downtrend on a smaller scale with Daily chart still not becoming oversold. This may suggest that the Channel Down requires small consolidation (few $ up) before it moves lower or a Lower High push near #1,487.70. In any case, last week's Weekly candle was so strong that it erased 50% of the gains of the previous 4 which is clear sign of new Bearish movement. This has put Weekly chart back on Bearish track. With DX breaking above #98,20, I can't see how Gold can protect the #1,490.70 level for much longer, unless the stock markets have a strong pull back (unlikely). My projection is Strong Sell/Short!
- My official and only Telegram Channel: t.me/goldenBear88
- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.
- Trading Gold since #2012'.
- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.
- Trading Gold since #2012'.
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.
- My official and only Telegram Channel: t.me/goldenBear88
- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.
- Trading Gold since #2012'.
- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.
- Trading Gold since #2012'.
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.