Gold final test before the drop
Quadruple Top.
Broken below
Testing the resistance of the downtrend.
If the price continues down from here, we could see the price level drop to $1,364.
Concerns: Gold stocks have been recovering over the last few days, and this could help push the price of gold up.
Smart Money normally tries to avoid major sells if it's not in their best interest.
I would like gold to turn up but the current situation is bearish.
Broken below
Testing the resistance of the downtrend.
If the price continues down from here, we could see the price level drop to $1,364.
Concerns: Gold stocks have been recovering over the last few days, and this could help push the price of gold up.
Smart Money normally tries to avoid major sells if it's not in their best interest.
I would like gold to turn up but the current situation is bearish.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Aviso legal
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