Last week, Gold fell hard... At this point, a correction is underway and this can be seen as an opportunity to build up short positions Only gold above 1815-1820 zone would put a pause in this outlook
thanks for sharing it
some local rise here is expected
Mihai_Iacob
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@MMBTtrader, yes, a correction should follow
Tganks for comm
Fx_Analyzer
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Great analysis, thanks for sharing
Saif_R
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Thanks for sharing
jojofang0901
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agree with the bearish move also :) thx
KlejdiCuni
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Well done buddy!
braingirl1994
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The RSI and stochastics indicate the gold is very oversold. The few times this happened the price spiked up. Look also at the 5 year pattern. Gold is clearly making higher lows. Look also at the 10 year pattern and you will see this is a cup-and-handle formation. Gold did this same pattern in the 1980s. The SLR requirements and Reverse Repo rates are causing of shortage of collateral. Basel III NSFR going into effect for European banks at the end of the week and UK banks Jan 1, 2022, make gold a risk-free asset.
FOREXN1
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Waiting Pullback :) nice analysis!
Tradersweekly
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Nice, lets see what happens. Good luck with your trades!
thanks for sharing it
some local rise here is expected