going short on gold
The price of Gold is currently trending upwards and trading steadily on the 4-hour timeframe. It has surpassed the resistance zone at $1,975 and jumped to its highest level in over a week. This upward movement is driven by a weaker US Dollar and decreasing bond yields but through my technical analysis I strongly believe that gold is going short
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.