GOLD Move Explained! Sell!
Hello,Traders!
GOLD made a surprise breakout of
The key horizontal support level
Which is a major development for the Gold market.
This is a symptom of the global dollar shortage
As the Grim Reaper of the strong dollar
Finally came to collect, tearing balance sheets apart
Draining everyone's foreign reserves
Forcing institutions to liquidate position
Which at some point turns into a self sustaining cycle.
The strong dollar has already slain the Euro
And now seems to have defeated Gold as well.
So despite the fact that this is just the first sign
Of the fundamental Gold weakness, and the pice
Is likely to rebound back up for some time
The BIAS is now FIRMLY BEARISH!
Sell!
Like, comment and subscribe to boost your trading!
See other ideas below too!
