Much, much lower to go !!!
On a weekly basis, Gold should be in the early stages of wave C. We also had a massive bearish engulfing candle this week with the LT trend line acting as a resistance. The next 12 months or so should see a persistent weakening Gold price and as such any rallies should be sold ! The area of 700 - 720 represent an attractive level (previous support )
Just my views :-)
Just my views :-)
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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.