GOLD, not having good days!
Becarefull about the breakout here!
There is a bearish channel here, which is at the bottom now.
It shows an upcoming wave to the top of this channel.
However, if the breakout happens, changing to a bigger down trend is inevitable.
Fundamental analysis also is not Gold's friend, traders actively are liquidating Gold positions, and some are buying government bonds.
There is a bearish channel here, which is at the bottom now.
It shows an upcoming wave to the top of this channel.
However, if the breakout happens, changing to a bigger down trend is inevitable.
Fundamental analysis also is not Gold's friend, traders actively are liquidating Gold positions, and some are buying government bonds.
Disclaimer
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.