The gold price finally reached the magical USD 3000 mark a few days ago.
However, a look at the volume calls for caution, as a setback could be imminent. We are seeing significant outflows at the top and selling in strength.
Although we do not expect a bearish reversal in the big picture, a setback of around USD 150 to 200 in XAUUSD is not unlikely.
However, a look at the volume calls for caution, as a setback could be imminent. We are seeing significant outflows at the top and selling in strength.
Although we do not expect a bearish reversal in the big picture, a setback of around USD 150 to 200 in XAUUSD is not unlikely.
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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.