Is Gold Finally going to be bearish?
Gold created a big bearish engulfing on the Daily TF. The current monthly candle has a decent amount of bullish exhaustion( Big wick to the upside). On the 6HR TF, Gold is beginning to create a downtrend which will begin the retracement phase for the Daily TF.
Hopefully I can find out if there are any fundamental reasons for my analysis.
Hopefully I can find out if there are any fundamental reasons for my analysis.
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.