Send me real-time posts from this site at my email

Gold... an odd odessey

Gold... an odd odessey

Ever since August 2020, Gold has been acting odd. It has been ranging in a rather large range, and somewhat random IMHO.

The week ended strongly down with an engulfing candlestick that covered a six week range, ending at the lower end of the range with a lower low. This is a rather bearish indication IMHO.
The daily chart showed this near term bearish with a gap down and long bearish candles.

Oddly... appears that the adjusted downside target is 1700-1720; with a longer term upside back to 2000.

Just be wary... I am.

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue