Gold after a fake on the top we see a possible breakout on the downside. The price of Gold was very weak in the last time and now volatility in knocking on the door.
The monthly PG is a very tricky event for now. The fake on the top cost me money but maybe i will get it back. For all gold bugs out there, Gold can be a very volatile market. There are always opportunities for short positions in the charts. If someone sit on a big amount of physical Gold, a hedge position will bring freedom.
Possible retracements i marked on the weekly chart. There is always the possibility for a bullish movement but for now i don't see anything. The Bulls need to be quick before the PG is running out of time.
Source: (Guidants/Godmode Trader) & JFD Broker & Binance
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