Gold short for now !
Looking at historical gold prices on the weekly we can see it is at a very strong resistance zone.
On the daily we see a engulfing red candle forming that will most certainly close the day below the zone and paired with the 3/6 ema cross its screaming short.
How low it may drop is the question but $1500 seems to be the mark.
On the daily we see a engulfing red candle forming that will most certainly close the day below the zone and paired with the 3/6 ema cross its screaming short.
How low it may drop is the question but $1500 seems to be the mark.