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AuracleatFungii

Gold Gives the Headfake and Looks to Go Lower

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Ouro/Dólar Americano (FOREXCOM:XAUUSD)  
AuracleatFungii  
FOREXCOM:XAUUSD   Ouro/Dólar Americano
Chart Patterns Technical Indicators Fundamental Analysis
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chartpattern indicator fundamental
***This is not financial advice of any kind, as I am not licensed to give such opinions***

This was an older trade idea to buy gold, but the wider market is looking shaky at best. In market crashes everything sells off because of the need to meet margin requirements. Should we stay below this Weekly support area, then the next target we could be seeking out is sitting at $1600.

***This is not financial advice of any kind, as I am not licensed to give such opinions***

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