Gold had very strong move yesterday and broke up the falling channel which is very huge bull flag. Right now price approaching supply zone. There is two posible scanarios: As you see drawed in chart, 1st scenario is pull back to retest higher edge of the falling channel and fibo level 0.236 (@1914.2) and then continuation in direction of bull trend. 2nd...
ProShares UltraShort Gold (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of Gold bullion as measured by the United States dollar p.m. fixing price for delivery in London. Look forward for further upside action (correspond Sell XAUUSD) in short-term. Time horizon: 2 months.
Gold prices have been volatile, flucuating between $1,275 and $1,220 as markets remain indecisive on what stance to take: is the Federal Reserve going to continue hiking assuming the economy will "gradually improve," or with traders continue to look for safer locations to place there cash? According to recent capital flow data, the GLD has seen redemption as...