GOLD, long or short?
Updated
Starting with April 8th, we formed a very strong support area between 1938-1941. At the moment, we are in a bearish trend in this area. Large investors say "a downward trend is more likely to continue than change direction". The fight between the bulls and the bears begins. I think the bulls will do their job again.
Note
The bears seem to be stronger and it looks like the support line will be broken. I will not open a position on this transaction at this time.
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.