I see some very conflicting sentiments about gold; some say dump, some say soar. Either way, volatility, I think, is something we can all agree on.
Overall I am bearish about it, but in the more short term, I used some trendlines, the down channel it has formed, and some retraces to come to these conclusions shown in the chart.
Still amazes me that everything converges at 1900, very cool.
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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.