Gold is showing a bearish divergence on weekly chart. 1680-1670 area would be key. If broken, price may go to test the uptrend line.
1
DislikedGuys they gave the game away with this big drop just before Frankfurt open. When this scenario occurs, just about always the trend will reverse - banks are just providing liquidity for the next session. Banks in different parts of the world are working together - no doubt about it! {image}Ignored
DislikedIf there is gonna be any action at all today it's going to be this afternoonIgnored
Disliked...DislikedMy eyes are on GBPAUD for now guys. I'm trying to understand this trend. How can it move almost 500 pips in one upward in less than 2 days and almost 600 pips downward in a week? That's 1,100 pips in a week and few days. I will appreciate any tips my eyes have not noticed yet. Especially now that UK is easing down the lockdown. Should we expect another 700 pips upward? Hmmmnnn Hi B Legend. Just passing through whilst I observe some potential Gold upside, and saw your question. Being as no-oneIgnoredIgnored