Volatility on gold
Expect volatility in gold today. Fears of a US recession send investors fleeing from risk while other investors are waging that rate cuts will need to come to the rescue. Seen in all markets today. Although gold is a safe heaven it can been seen to weaken if sell offs are sudden. While tensions in middle east add to market uncertainty. Gold is current sitting under the weekly resistance zone. With multiple rejections on the 4hr time frame but now has broken it and trend. Gold is current at my aoi at 2403 I expect a rise from here. If not gold may return to 2382 liquidity zone.
Failing to break back thur golds current broken trend a high risk bearish trade maybe be on the cards. Seen by a double top at all time high resistance.
Failing to break back thur golds current broken trend a high risk bearish trade maybe be on the cards. Seen by a double top at all time high resistance.
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