Right now gold is crossing an important support level where there is not only a zone of fibonacci but also previous support and trendline. This could mean that the previous bullish tendency we had is now dying . Looks like the US dollar is putting gold in a difficult spot and the effects of the elections remains also this week.
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.