PFTrader

PFTrader

The Gold Weekly chart is obviously Bearish. There's possible Technical support here and around 1150 after that nothing much till the 1040 lows. It's a crazy world who knows maybe it will get down there. This long term view with correctly drawn trend lines shows clearly the Danger that Gold is in

PFTrader

Horizontal resistance and channel trend resistance around 1.8378. Looking for resistance to hold for a move to the downside which could offer a short opportunity on a resumption of the downtrend. No positions to be initiated until after the Scottish election