Where is Gold Going?...Two Possible Scenarios
As you can see, Gold fell hard with a BIG red weekly candle to support around $1785.00
It this line cannot act as support, then the gold price will likely continue to fall to the middle of the long term channel around $1630.00
I need to seee Gold bounce big next week off of the green support line or else I will have to change my view to bearish on the short term. Be cautious.
It this line cannot act as support, then the gold price will likely continue to fall to the middle of the long term channel around $1630.00
I need to seee Gold bounce big next week off of the green support line or else I will have to change my view to bearish on the short term. Be cautious.