Gold has been bearish for a long time now and is showing now signs of reversing just yet. We recently broke the lows of 1082 before retesting but price has stalled around this area. Today we finally saw the bears take hold and dive the commodity lower.
We need to tread carefully given the Fed announcement on Wednesday but as it stands this is head south.
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.