Gold Spot / U.S. DollarUpdated Gold Still Testing Demand
Gold has been in the upper band of the downward trending channel for a while, trying to test the demand, and sustaining the price within a narrow range. It is not clear yet, which direction it will go, as we recommend to wait for an aggressive price action to determine the entry of institutional players to asses the next direction. So, try to avoid trading gold, accept for scalping.
Trade active
Entered short on gold at 1,305
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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.
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.