Selloff in GOLD - XAU/USD - Weekly swing short
Gold made its high in 2012 and since then has came off considerably..
For the past yr after the initial selloff, price has been consolidating for the past yr with a clear descending trendline which re-confirms the initial selloff that a potential continuation is coming.
With that in mind, I'm anticipating a further sell off in gold with a expected target of around 1002.00
For the past yr after the initial selloff, price has been consolidating for the past yr with a clear descending trendline which re-confirms the initial selloff that a potential continuation is coming.
With that in mind, I'm anticipating a further sell off in gold with a expected target of around 1002.00
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.