Gold Update

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 2, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Gold, Weekly Almost a month ago, while Gold was still rallying strongly I wrote an analysis on Gold saying that it might have more upside in the longer run judging from the increased risk aversion in different asset classes but in the short run the upside is likely to be limited due to the channel top and 50% Fibonacci retracement being near. I said at the time that this could mean that the line of least resistance is for a change on the downside and traders could benefit from short exposure

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