Why shorting gold can be a good idea we are nearing a resistance channel of 1590-1630 which is also a psychological barrier for bulls above it it’s very bullish but if this fails here scenario can be something like the above
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Gold is at a very critical levels trading at 1562 with so many geopolitical tensions going on Gold is considered safe heavens for the investor. Lets take a look at areas to watch out for Gold.
1615 - Above 1615 we are a mega bull going for all time high around 2000
1575 - Area to watch out for if fails to go above this and goes below 1500 1330-1390 will be on...