5 reasons for Gold to continue its trend southwards
1. The bulls were not bullish enough to maintain
the high above the inflection point set in 9/1/2011
2. Exactly 50pct. Retracement
3. Resisted by upper descending trendline
4. Price moves correctively
5. Bearish daily candle close
the high above the inflection point set in 9/1/2011
2. Exactly 50pct. Retracement
3. Resisted by upper descending trendline
4. Price moves correctively
5. Bearish daily candle close
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.
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.