Gold Bulls: This could be Good News or Bad News
The good news is we've nicely broken up and this arc is currently in play to all-time highs.
The possible bad news -- we could be looking at a double top, which means it could break below this arc and fall back into the $1800s. Also worth noting, there is a huge gap on the 4-hour chart in the $1830 range that could come back to haunt us (and the miners) at some point.
Let's see how this battle ends! Are the big banks ready to knock this down one more time before year end?!?
#Gold #PreciousMetals #Miners #Trend #Market
The possible bad news -- we could be looking at a double top, which means it could break below this arc and fall back into the $1800s. Also worth noting, there is a huge gap on the 4-hour chart in the $1830 range that could come back to haunt us (and the miners) at some point.
Let's see how this battle ends! Are the big banks ready to knock this down one more time before year end?!?
#Gold #PreciousMetals #Miners #Trend #Market