in the last 792 days , Gold has been in a strong and healthy uptrend .
the maximum pullbacks have been supported by Daily EMA 250 (it equals to EMA 50 in weekly time-frame).
it is the 1st time that we see a daily close bellow this moving average.
it can be a false breakout, but a weekly close bellow this moving average can be a sign of a bearish trend.
next support is bottom band of its descending channel.
the best strategy in this momen,is not to trade the gold .
the maximum pullbacks have been supported by Daily EMA 250 (it equals to EMA 50 in weekly time-frame).
it is the 1st time that we see a daily close bellow this moving average.
it can be a false breakout, but a weekly close bellow this moving average can be a sign of a bearish trend.
next support is bottom band of its descending channel.
the best strategy in this momen,is not to trade the gold .
