Gold has been falling consistently for 3 days now, I have seen rumblings of traders flipping from short at channel resistance to buying at what should soon be channel support. I think we can all agree that Gold has been stubbornly rangebound for a few weeks now.
What has surprised me is the lack of buying thus far, I can see this falling a few dollars more before retracing some of this drop at a minimum or testing the highs once more.
I included the Daily, 4 Hour and 1 Hour to show how strong this bearish momentum is for the moment.
If someone is interested in stepping in the way of this movement I would expect some pain before a reward.
What has surprised me is the lack of buying thus far, I can see this falling a few dollars more before retracing some of this drop at a minimum or testing the highs once more.
I included the Daily, 4 Hour and 1 Hour to show how strong this bearish momentum is for the moment.
If someone is interested in stepping in the way of this movement I would expect some pain before a reward.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.