Tag: downtrend

Suspicious activity on gold’s volume hints the next move

Suspicious activity on gold’s volume hints the next move

Gold is in a downtrend for several weeks. But suspicious activity has been detected after the US inflation data.
Gold is in free fall, attacking 1750$

Gold is in free fall, attacking 1750$

The fear of economic slowdown brings a bloodbath for gold. The yellow metal is negatively affected by the possible recession fears.
Gold breaks downtrend pattern

Gold breaks downtrend pattern

After a month long downtrend on gold, first disruption occurred. Price went up and left important supports behind.
Gold is in decline for a month

Gold is in decline for a month

Yellow metal is in decline for a month. And guessing the low of this downtrend does not seem as a reliable strategy.