GOLD has been getting rejected off this upper trendline since August 2020 and it looks like its going down again
This could simply be because despite the issues with banking, the DXY has , as ever in times of trouble, been gaining value.
Will GOLD Ever break this trendline ? I have been asking this since 2020, when PA came out of the CUP pattern it had painted....the handle seems to be getting to long to validate a Cup and Handle pattern
OR will PA turn atround
PA is mostly overbought, so the likely hood is a Dip
Time will Tell
Depends on DXY, FED and TradFi
This could simply be because despite the issues with banking, the DXY has , as ever in times of trouble, been gaining value.
Will GOLD Ever break this trendline ? I have been asking this since 2020, when PA came out of the CUP pattern it had painted....the handle seems to be getting to long to validate a Cup and Handle pattern
OR will PA turn atround
PA is mostly overbought, so the likely hood is a Dip
Time will Tell
Depends on DXY, FED and TradFi