The yellow metal found resistance by the 200 DMA within a pennant. That suggests a downside breakout would commence next week. In such a scenario, we'd expect another leg down for the precious metal.
I recommend you this time shorting during this week as i expected a downside move from GOLD in the stock markets.
I recommend you this time shorting during this week as i expected a downside move from GOLD in the stock markets.
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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.