The weekly candlewick from Monday's reversal is sending a bearish signal to gold. This comes after Trump and China decide to continue trade talks given the escalation over the last month. I see gold retracing back under $1500 an ounce from profit taking and technical sell signals. Looking for CCI to get back under 100 to send another sell signal wave. This log graph with the pitchfork is providing another confirmation with the long weekly candle wick.
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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.