GOLD Sell Opp

30 Nov 2020

Gold has continued its downward slide lately, continuing to make lower highs as it moves down the chart. Vaccine and stimulus news have definitely boosted the strength of the dollar over the past week, and the fact that Gold moved like that on a week where we had an extended holiday, only suggests that more bearish moves are ahead for the pair. I see lower highs developing currently within this downtrend that look like they are ready to be capitalized on. No news in this pair until 9:30 am New York time and a nice 3:1 PL ratio if price follows my analysis.