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What? Even More Reversals in Gold Price?

From goldpriceforecast.com

This year-end is rich in reversals in gold. And yet, so many people fail to see them, blinded by bullish bias… The most recent one formed… Yesterday. And the previous one on the previous trading day. {chart} In both cases, gold made attempts to break above the rising resistance line, and both attempts failed. Gold price’s inability to break back above this line and shooting star reversal patterns are both bearish. Today, gold is making another attempt to move above this line, and it’s likely to fail once again. None of those reversals is the key one, though. The key one is the one that we saw over 2 weeks ago on a ... (full story)

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  • Category: Technical Analysis