Gold bearish
Gold has wiped out 3 weeks worth of bullish sentiment just in the past 2 days, indicating bearish momentum is picking up. Volume indicated also that there's alot of money behind the selling showing that it's not a weak push down. The bearish weekly volume candle is higher than all the weekly candles since 21 of november. Considering the fundamentals, a weak dollar which the Fed has to save which in turn will lead to gold dropping also confirms that the fundamentals are on the bearish side.
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.