Winter is waning and the bears are waking.
Didn't seem like GOLD XAUUSD received the expected support at 1220 after the recent FOMC meeting and has been declining steadily for the day. Which could be a bullish continuation pattern in my opinion is that it indicates a lack of support for that price level and we may see a larger reversal past 1180 if GOLD doesn't regain its footing. Granted things are at a tipping point the major indexes have been negative with a rise in the VIX though each day it has decreased after the open. Will change my mind if the Major indices continue to fall with the S & P closing below 2263 and the VIX increasing during the trading session confirming that people are trying to through blankets on top of a building fire. Currently entered at 16.79
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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.