gold is currently at a short-term sharp downtrend, here is my 2cents analysis on what might take place this week, although it is filled with a lot of fundamentals.
At the moment it is very safe to sell gold after resistance has been created on 4hour, 1hour, 30min, and 15min timeframes. Buying gold is just looking for trouble.
We are headed down, and nobody is safe buying. By the way i am just a retail trader and analyst. Do not invest your money based on my analysis.
Do your own.
This is just an idea. But if you like...
I am not a financial advisor, this is just my prediction of how the Gold Market will flow from now on. We should not expect new HIGHS pretty SOON. But we can expect new HIGHS LATER on the YEAR.
I am not a financial advisor, this is just my prediction of how the Gold Market will flow from now on. We should not expect new HIGHS pretty SOON. But we can expect new HIGHS LATER on the YEAR.
