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GoldAddict
Nov 29, 2020 4:57 PM

Where is Gold Going?...Two Possible Scenarios 

GOLD (US$/OZ)TVC

Description

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.
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