Gold - Forced depression
Usually with inflation gold tends to rise. But this time gold seems to be working more about recession and less about inflation.
Gold could fall to 1556 (channel bottom) if it breaks below todays low. I think at the level there would still be an RSI positive divergence.
Gold could fall to 1556 (channel bottom) if it breaks below todays low. I think at the level there would still be an RSI positive divergence.
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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.