I know the majority of members here are from Trading212 investing but i’d also like to know CFD’s members.
Check this beautiful downtrend we have in Gold since August 2020. We tried to break, but we failed. So we should be back to the trend.
I suppose it should go to 1760 and if goes even further down, I’m looking to catch ~ 1700.
The region of ~ 1760 stills an important region. So we might be careful there.
However, we must be careful with strong Weekly uptrend.
I’ll be monitoring 4h breakouts for any rejections.
Will try to keep this thread updated too.
- Important note for Weekly Charts!!
- It’s the first time Bill Williams’s Awesome Oscillator turns into Bearish since 2018!!
But what do you guys think about gold?