Złoto / Dolar USA
Short

Gold Weekend Analysis

104
Had a strong bias for Gold buys long term, but I had to really look over the charts completely to see what signs I may have missed..

A) If you plot a line from the opening day's price of Golds all time high you will see that it test that price on 3 separate days in December and ever since then its been dropping aggressively and each bullish trend we get is short lived .

B) Since the HOM of December they have been trapping buyers....I mean they are trapping Sellers too but who have they been trapping more aggressively? A big drop Imminent?


My thoughts is possibly one Mighty Judas swing up before a major Sell off until the end of the year...This may be a year for the bears..just my two cents...

wish you all a great trading week!

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