As you may have noticed, I'm bearish Gold and the price evolution did not disappoint me... However, at this moment (time of writing), Gold is approaching a very important confluence support zone, slightly above 1780 and, considering the fact that Gold has dropped around 600 pips without a meaningful correction, a rebound is probable Sort term traders can look to buy around this support
Almost by decree due to seasonality ( as nov is one of the worst performing months for Gold and silver and also options expiries due today this was xpected. Nothing new, dec and january are bullish. 1960 might get tested. 28,75 silver. Dxy is overbought on the weekly.
MillionaireEconomics
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Great analysis. I am still bearish on Gold as well but let's see in the coming years.