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Make-Or-Break for Gold
Price action in gold is looking very interesting here, with the market essentially showing a make-or-break structure. Following the sell off from all-time highs, the market has since rebounded. However, a test of the 2,684.73 level has seen a strong reaction lower with price printing a large daily outside candle, or bearish engulfing candle. As such, there is a chance that the recent peak marks a lower high, suggesting room for a deeper breakdown if price push below the 2,530.59 level. This could be the start of a powerful reversal lower for gold targeting at least a test of the 2,435.31 level. On the other hand, if ... (full story)
