Triple bottom at 1677 has proven to be one of the key supports for gold.
I was expecting gold to hit somewhere around 1870 before the fall (missed by 30 bucks), but current US data and comments from FED changed abruptly gold's trajectory.
It seems that possible inverted HS pattern is invalidated at this point and therefore we just need to follow the descending trend (deeper lows and lower highs).
I was expecting gold to hit somewhere around 1870 before the fall (missed by 30 bucks), but current US data and comments from FED changed abruptly gold's trajectory.
It seems that possible inverted HS pattern is invalidated at this point and therefore we just need to follow the descending trend (deeper lows and lower highs).