GOLD
Gold uptrend line was broken on the 7th of August 2020. Since then gold has entered in a downtrend channel . Gold price was ranging across the channel in two equal sections starting form the lower half moving to the upper half, and now the price is back to the lower half since the 26th of February. My personal view is that the price might move within this third section until the 1st of June 2020.
Long with cautions as the overall trend is down, going against the flow might be risky.
-disclaimer: this information is not a recommendation to buy or sell. I encourage you to trade carefully.
Gold uptrend line was broken on the 7th of August 2020. Since then gold has entered in a downtrend channel . Gold price was ranging across the channel in two equal sections starting form the lower half moving to the upper half, and now the price is back to the lower half since the 26th of February. My personal view is that the price might move within this third section until the 1st of June 2020.
Long with cautions as the overall trend is down, going against the flow might be risky.
-disclaimer: this information is not a recommendation to buy or sell. I encourage you to trade carefully.