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movingaverage trendanalysis Less Tags Show All Tags
Could the gold bubble be about to burst?
XAUUSD
, 6MShort
XAUUSD: Could the gold bubble be about to burst?

Looking at the 3 month time frame we can clearly see a rising wedge. Could the gold bubble be about to burst? Bubbles are dangerous because the economy has been overstimulated, and once asset starts to sell off, the move down will happen fast. Bubbles crash because they go to such extremes by nature - when people are just investing in things because they're going...

Possible bearish coming
GOLD
, 1DShort
GOLD: Possible bearish coming

Despite war problems and FOMC rates discussions along with tentions over oil, we have seen gold moving down. Creating new lower lows but it hasn't managed to create a new higher high. The resistance zone looks solid and indicates the possibility of another move to thw downside. If this happens soon, we may see GOLD testing in 2000 and 1960 On the daily timeframe...

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