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.
Feragatname
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.
Feragatname
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.