Gold Stays Range-Bound After Friday's Knockdown
On Monday, Gold closed up .8 points but did not recover any of the momentum after last Friday's explosive move up and then equally explosive sell off to end the day and the week. After that action last Friday, Gold continues to trade within a tight range that started on March 22. It is obvious that the Bollinger Bands are contracting and the haDelta is poised to cross over to the downside. In addition, Monday's Heikin-Ashi candle was red (see chart below). The overall outlook, at this point, is Neutral.
Disclaimer: This post is for educational purposes only. Trading is at your own risk.
Disclaimer: This post is for educational purposes only. Trading is at your own risk.
Related publications
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.