Gold downside to continue after pullback
Gold finished last week with a very strong bearish move to the downside, driving below the previous significant higher low point. This move is inversely correlated to the surge in the stock market and US treasury yields. I will be looking for a pullback in this instrument to a 50/61.8% fib level for a continued short to the downside.
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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.