smiley1910

Gold daily chart - momentums gone

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
As you can see by going back through the gold charts history, this moving average cross signifies a big switch in momentum, not even the covid panic stopped the uptrend.

Gold looks to be descending in a channel and the cross adds to the idea that this looks like a safe short for the next few weeks.

Please let me know your thoughts
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