Gold Failed To Break Upwards!
Updated
Gold is facing selling pressure. May be Bitcoin & Stocks are pulling some oxygen out of Gold!! Gold is still bullish in the Long Term (Monthly) Charts. Short Term, there is a high probability of Gold retesting $1775 support again. Anyway, time will tell!!
Note
Gold is currently trading below 200DMA, seems there is high probability of Gold retesting $1775 (Late November) support. This is combination of Technical Correction and Bitcoin sucking more oxygen.Note
Gold is trading in the support area and struggling to find support to push price upwards from this point. Stronger Bond yields & Technical correction are playing a key role in pushing the Gold Prices down. The new Bigger US stimulus package, other fundamental economic data may play in favor of Gold!! 🤞Note
It's the Time to Close shorts & Go Long
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