Gold bulls struggling to break the 100 day EMA, will it drop?
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Gold bulls have been unable to break the 100 day EMA. In fact, we have a bearish daily candle in this area.
It's possible that a correction may happen in Gold soon. If price action continues to show weakness, a sell between 1785-1794 with SL above 1800 and TP at 1755 is a possible sell signal.
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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.