Even though the markets show a high level of uncertainty, the charts still show that technicals are still very good drivers to indicate where price is turning to next. After the 2019 rally of gold, bears get their selling opportunity. Price is trading toward the downside to find support somewhere around 1434.26 or possibly, 1132.82
Temporary short until price can conform back to bull-ish momentum.
Despite horrible economic data that serves as great catalyst to go long, gold still continues to make lower highs off the daily time frame. It's safe to say I will stick to a technical bias for the time being, until gold has proven to reject a serious level of support.
Temporary short until price can conform back to bull-ish momentum.
Despite horrible economic data that serves as great catalyst to go long, gold still continues to make lower highs off the daily time frame. It's safe to say I will stick to a technical bias for the time being, until gold has proven to reject a serious level of support.