Lets take a look at the weekly chart of gold as you can see we have crashed.
Thursday was holiday being thanksgiving. Lack of liquidity on Friday of course had the variant coming out of the south African corona-virus situation and has everybody freaking out.
Low liquidity, panic that's what you get.
Now the question is Do we break down below this trend line? if we do then 1700 is your target. Otherwise, if we can break 1820, I am going to start buying. I recognize we are at a make it or break it point.
Good luck! Carpe diem!
Thursday was holiday being thanksgiving. Lack of liquidity on Friday of course had the variant coming out of the south African corona-virus situation and has everybody freaking out.
Low liquidity, panic that's what you get.
Now the question is Do we break down below this trend line? if we do then 1700 is your target. Otherwise, if we can break 1820, I am going to start buying. I recognize we are at a make it or break it point.
Good luck! Carpe diem!