Gold Analysis for November 18, 2019
With a bearish trend we see where market had a false breakout today. After the breakout market should resume downward trend to complete cup. For long long term we looking for gold to reach 1790 to complete cup on the weekly (tradingview.com/x/tqRcJRC1/) as demand for gold will be high for 2020 with a shortage of supply. Currently the market is in a consolidation state before pushing upwards.
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.