Here we take a quick look at Gold and, unfortunately, it did not bounce as expected. We have also broken beneath the uptrend line so therefore, it is bearish. However, momentum is still bullish which means when it does take-off, well then, it's going to the moon. But for the time being, gold is near landing zone and would be interesting to see it touch and go.
Trade closed: target reached
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Disclaimer
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.