The head and shoulder break to the downside is nearly developed. I think the Trend has reversed, pending the macro trade and geopolitical environment, which is a big risk to the "trend reversal" call.
Institutions are no longer interested in Gold and are moving on to other assets. Retail hasn't realized yet and is keeping hope alive.
If it breaks 3,200 to the downside, watch out below (unless a geopolitical/trade event snaps it back).
Institutions are no longer interested in Gold and are moving on to other assets. Retail hasn't realized yet and is keeping hope alive.
If it breaks 3,200 to the downside, watch out below (unless a geopolitical/trade event snaps it back).
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.