GOLD FURTHER SELL OFF?! (UPDATE)
Gold has been moving up very sharply but overall still trading within our Wave B zone. Still bearish on price action overall.
If price trades back above $2,700 then it'll range around $2,720 - $2,735. This huge move up is something called 'short squeeze' in trading. It's designed to make traders start panicking at buy the market at the top, at which point the big banks drop the price straight back down.
If price trades back above $2,700 then it'll range around $2,720 - $2,735. This huge move up is something called 'short squeeze' in trading. It's designed to make traders start panicking at buy the market at the top, at which point the big banks drop the price straight back down.
Related publications
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.
Related publications
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.