Price failed to reach 2640$ region where we had expected price to drop from, since the bearish pressure is too high at the moment. In our view gold will continue to drop until we can see some bullish pressure and bearish exhaustion until then the trend is extremely bullish. No major correction may occurs based on the current price momentum. Good luck.
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.