GOLD Monthly basis prediction
Good morning guys, hope you have all had a great weekend.
As we can see price failed to close above the monthly key level which could indicate bears stepping back into the market.
I will be looking to short and hold a swing position all the way down to the 1585 level which perfectly lines up with our trendline and the monthly supply and the 200 SMA. I will of course be adding a lot of positions should price move in my favoured direction.
As we can see price failed to close above the monthly key level which could indicate bears stepping back into the market.
I will be looking to short and hold a swing position all the way down to the 1585 level which perfectly lines up with our trendline and the monthly supply and the 200 SMA. I will of course be adding a lot of positions should price move in my favoured direction.
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