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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.