Gold is losing momentum on the weekly chart as the RSI and the MACD are forming lower highs. In addition, this week's price action formed a gravestone candle, another sell signal.
As far as fundamental analysis is concerned, everyone seems to expect a sell of in stocks soon and when/if that happens, market's volatility will skyrocket once more and Gold may attempt new highs, so trade accordingly and try to keep your capital safe.
As far as fundamental analysis is concerned, everyone seems to expect a sell of in stocks soon and when/if that happens, market's volatility will skyrocket once more and Gold may attempt new highs, so trade accordingly and try to keep your capital safe.