Gold Spot / U.S. DollarUpdated Gold Looong or Shoort?
This commodity has been forming a very interesting pattern since its massive bearish run last week. It has been forming a pennant, which IMO might be building up bearish momentum.
Let us wait and see if the price will breakout of the trendlines to have a clear entry position.
Let us wait and see if the price will breakout of the trendlines to have a clear entry position.
Note
Time to look for a long position.
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.
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.