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LandPuma
Mar 7, 2019 3:09 AM

Gold Bearish for the rest of 2019.  Short

Gold/U.S. DollarFXCM

Description

Looks like gold had a nice run so far in 2019 that started back in late December but looks like it hit strong resistance and will now retreat until the bounce around the 1250 area and make another run next year. News and "experts" have been saying the USA will not run into a recession type scenario until 2020 / 2021 which would be perfect catalyst for gold to break out of this wedge and go on a real run. Just my thoughts and I do not think this will snap turn back around and test resistance anytime soon like some people are thinking.
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