Gold Fails to breakout from channel - Bears in control.

28 thg 1, 2021

Gold briefly broke outside of the weekly descending channel. IMO called is still overall bullish and zooming further out confirms this. Especially with current events at play and talks of a 1.9T Stimulus proposed by the Biden team in the mix. DESPITE this, i believe we still have some downside to go based on the technicals. Revisiting the 1790s level is certainly probable.

This is solely my perspective of what's to come, and is not trading/investment advice. Happy hunting ✌🏼