Short

Updated

Gold is Sideways but Still Showing Weakness

Even though today had a green candle, the Heiken-Ashi daily chart is still all red: tradingview.com/x/CUMGqODd/. And the hourly chart

snapshot

shows that today was a slow grind up but that price was unable to break above the upper BB. The yellow circles highlight that 1. Price will hit the lower BB, 2. The Stoch RSI is moving down and 3. OBV has been severely squeezed.

Trade active

Short 2 more contracts @ 1324.5.

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Related publications

Maintain Gold Short - Bearish Chart

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