Hey guys, gold played out as per our prediction yesterday on the buy side after the CPI. Today, I see gold is about to take a massive dump towards the 2587 zone. It's still on a bearish movement and has taken the 0.62 Fib as retracement. However, there will be short pullbacks on its way down. I guess London will give us a little hint on its dump volume. Anyway, today is Friday, and it can be crazy before the PPI data comes out during the New York session. Trade safe, trade smart.
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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.