The SPX/ Gold ratio is looking like the rally in equities may be hitting it's head on some resistance. The price action is driving closer towards the overhead trendline of the descending triangle pattern, this will be an interesting level to watch, as a rejection at these levels would suggest an easing in equities and a relative gain in gold. It is my personal...
Gold seems to be holding above 1500, it's reaching area of resistance/supply zone which could be a good time for shorts.
The first week of the month looks amazing and hope you all have a great week ..!!
This week could be very intresting and volatile week for #GOLD hope you all enjoy the video and great week for everyone.
XAUUSD short @ 1210.65 SL: 1214.40 TP @ 1180.64
Trading C to D on Bearish Bat, possible D if it terminates.