Last weekend was warned of an imminent drop in Gold, which happened just on Black Friday.
The weekly gold chart suggests that price is lagging its indicators as MACD is cutting down into bearish territory fast Price Strength is similarly pushing down with momentum Some net buying from Non-Commercials (orange line) More net selling from the Top8 traders
Having broke down two supports, the next is on the 55EMA, about 1760. And downside target is 1640 towards the end of 2020.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.