Hello,Traders! GOLD made a surprise breakout of The key horizontal support level Which is a major development for the Gold market. This is a symptom of the global dollar shortage As the Grim Reaper of the strong dollar Finally came to collect, tearing balance sheets apart Draining everyone's foreign reserves Forcing institutions to liquidate position Which at some point turns into a self sustaining cycle. The strong dollar has already slain the Euro And now seems to have defeated Gold as well. So despite the fact that this is just the first sign Of the fundamental Gold weakness, and the pice Is likely to rebound back up for some time The BIAS is now FIRMLY BEARISH! Sell! Like, comment and subscribe to boost your trading!
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