Looks bearish still based on the monthly chart with what I believe is some hidden divergence.
Based on this I will instead look to shorting several gold stocks I have in my portfolio.
I also have several other techniques that also confirms gold's bearish trend.
I do believe we are very close to the bottom. Taking into account what is currently going on around the world, volatility will only increase and the herd will flock back to gold again :)
Based on this I will instead look to shorting several gold stocks I have in my portfolio.
I also have several other techniques that also confirms gold's bearish trend.
I do believe we are very close to the bottom. Taking into account what is currently going on around the world, volatility will only increase and the herd will flock back to gold again :)