August 23, 2018

Gold Top down analysis.

  • Updating blog after a long Gap. Longest in the last 8 years. May not be able to update regularly for 2 more months to come.
  • Gold bulls continues to struggle below the Daily cloud.
  • Month chart shows the continuous falling from the triangle contraction. Possible support near the base of the triangle which is around 1130 levels. If that is not held then price may be heading down towards the swing low of year 2016 which is around 1050 levels.