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Gold Technicals: Nov. 21, 2018

Published 11/20/2018, 03:48 PM
Updated 02/01/2024, 03:34 AM

Daily Gold

No news is good news for the bearish view on gold's daily chart.

Daily Gold

chart: Investing.com

Latest comments

Bullish not bearish.....lol
Dear Mr. Petros, I'm a bit confused about your sentence. Do you mean the flag is trying to change from bearish to bullish ? Or the bearish flag is gaining a momentum ? I'm one of your followers. Thank you.
Dear Toke, the more time that passes without buyers actually being able to react, the higher the probability for the main bearish trend to resume. However, if the upper boundary of the trading channel is broken, then the picture will become increasingly bullish.
Thank You, Mr. Petros. Now I get it.
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