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Gold Futures
Short
Updated

Gold is Sideways but Still Showing Weakness

65
GC1! Even though today had a green candle, the Heiken-Ashi daily chart is still all red: tradingview.com/x/CUMGqODd/. And the hourly chart snapshot shows that today was a slow grind up but that price was unable to break above the upper BB. The yellow circles highlight that 1. Price will hit the lower BB, 2. The Stoch RSI is moving down and 3. OBV has been severely squeezed.
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Short 2 more contracts @ 1324.5.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.