RedRum3X

Gold Trend and Channel

COMEX:GC1!   Gold Futures
Looks bearish still. Why? Yesterday we closed in lower end of purple downward channel, we closed under the 20 and 50 day MA and the channel is downward trend. Look at the behavior within this channel. If today are any day we close solidly above it will turn to bull, or else we are still bearish . This channel should guide you
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