Macro Analysis of Gold 11/11/2018

in #gold6 years ago

When observed at a very large time-scale, it is a lot easier to see the bearish nature of price action in gold. Hope is not a trading plan, so although you would hope and wish that gold will go higher, we need to see this declining resistance line broken before we can get into a long-term bullish stance.

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nice chart

it's a simple chart that tells the best story