Gold hit resistance in the early trading hours of the yesterday's trading session bouncing off the 200SMA and the upper trend line on the H4 channel. Expectations and market sentiment for the yellow metal remain negative for the short-term. With lack of events to stir the Gold market, traders and investors get bored quickly and lose interest in trading a non-volatile instrument. This has the potential to create low liquidity and bring its price further down.
Current market price: $1,117
Good point! I'll keep an eye on it.
ReplyDeleteThank you for the analysis, I will keep it in mind.
ReplyDeleteGood assessment, thanks for sharing!
ReplyDeleteInteresting analysis.
ReplyDeleteGood analysis.
ReplyDeleteI agree with your point of gold.
ReplyDeleteVery good analysis. Thank you.
ReplyDelete