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DeGRAM | GOLD crowd divorce

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
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4
The situation with gold is similar to a divorce regarding a cumulative flat.
We made a false breakdown of support, now we are trying to break through the upper border, but there is a strong trend resistance ahead.
I expect a return to flat after a false breakout and a decline to support.

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Comments

Good analysis, thank you for sharing. I'm pretty much expecting the same. It'll be interesting to see if investors will step in to protect the March lows or price will continue to fall - something similar to 2013...
+1 Reply