Ever since August 2020, Gold has been acting odd. It has been ranging in a rather large range, and somewhat random IMHO.
The week ended strongly down with an engulfing candlestick that covered a six week range, ending at the lower end of the range with a lower low. This is a rather bearish indication IMHO.
The daily chart showed this near term bearish with a gap down and long bearish candles.
Oddly... appears that the adjusted downside target is 1700-1720; with a longer term upside back to 2000.
Just be wary... I am.
The week ended strongly down with an engulfing candlestick that covered a six week range, ending at the lower end of the range with a lower low. This is a rather bearish indication IMHO.
The daily chart showed this near term bearish with a gap down and long bearish candles.
Oddly... appears that the adjusted downside target is 1700-1720; with a longer term upside back to 2000.
Just be wary... I am.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.