WANTED: A catalyst for gold price
In the aftermath of Trump’s tweet, gold has still not recovered as it backed out technical resistance around the $1,921 mark. It now remains below Tuesday’s high and within a descending wedge pattern. While it awaits a catalyst to break off the sluggishness, the yellow metal could now be trading sideways.
Edited 08 Oct 2020, 07:57
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.