GOLD followed last week's analysis nicely when it reached $2,720 zone and started a heavy drop on Monday, Nov 25.
As mentioned previously the recent up move in Gold (from $2,530 to $2,720) has probably been a temporary correction in the major mid-term downtrend.
Upon breaking below the indicated trendline, Gold shall continue its downward move creating a nice trading opportunity for a sell position.
As mentioned previously the recent up move in Gold (from $2,530 to $2,720) has probably been a temporary correction in the major mid-term downtrend.
Upon breaking below the indicated trendline, Gold shall continue its downward move creating a nice trading opportunity for a sell position.
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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.