Gold is always nasty. It could go up and down like rollercoaster.
While it got perfectly rejected from 2431 and touched almost 2350, it then went up all the way near 2390. Nevertheless, it closed the week with a red candle.
I would love it to close this month below 2323 to make a red monthly candle. Until then bearish momentum is confirmed.
Next Monday will be interesting. if gold closes Monday above 2400, it will change to bullish.
Looking at weekly candle for Silver, it has broken key structure.
I do believe gold will drop significantly next Monday.
Will look for selling opportunity next Monday around 2390-2400 level.
While it got perfectly rejected from 2431 and touched almost 2350, it then went up all the way near 2390. Nevertheless, it closed the week with a red candle.
I would love it to close this month below 2323 to make a red monthly candle. Until then bearish momentum is confirmed.
Next Monday will be interesting. if gold closes Monday above 2400, it will change to bullish.
Looking at weekly candle for Silver, it has broken key structure.
I do believe gold will drop significantly next Monday.
Will look for selling opportunity next Monday around 2390-2400 level.
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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.