GOLD XAU USD :: Descending channel intact
Updated
Looks like a possible double top in the ascending channel inside the bigger descending channel started after hitting the all time high.
Today was quite wild and we had some big fellas dumping gold massively that send prices nearly 30 bucks down in a matter of minutes.
I remain bearish.
Today was quite wild and we had some big fellas dumping gold massively that send prices nearly 30 bucks down in a matter of minutes.
I remain bearish.
Trade active
Price broke 1800 level and rallied to 1818 area where previous highs are located. Possible pullback awaiting should USA data tomorrow comes well above expectations.
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