Gold short for now !
Looking at historical gold prices on the weekly we can see it is at a very strong resistance zone.
On the daily we see a engulfing red candle forming that will most certainly close the day below the zone and paired with the 3/6 ema cross its screaming short.
How low it may drop is the question but $1500 seems to be the mark.
On the daily we see a engulfing red candle forming that will most certainly close the day below the zone and paired with the 3/6 ema cross its screaming short.
How low it may drop is the question but $1500 seems to be the mark.
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.