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Thursday, June 24, 2021

Why Gold Bears Could Remain Aggressive

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On analysis of the movements of Gold Futures, in the different time frames, I find that the Gold bears could take the command during the week of September 7th, 2020. There is no doubt that the bulls also look equally aggressive to give a tough fight ahead with supportive weakness in global equity markets, but the rallies could witness sell-off during the upcoming weeks.

Gold Futures 4 Hr. Chart

Gold Futures 4 Hr. Chart

Gold Futures Daily Chart

Gold Futures Daily Chart

Gold Futures Weekly Chart

Gold Futures Weekly Chart

Disclaimer

1. This content is for information and educational purposes only and should not be considered as investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital be involved which you are prepared to lose.

2. Remember, YOU push the buy button and the sell button. Investors are always reminded that before making any investment, you should do your own proper due diligence on any name directly or indirectly mentioned in this article. Investors should also consider seeking advice from an investment and/or tax professional before making any investment decisions. Any material in this article should be considered general information, and not relied on as a formal investment recommendation.

Why Gold Bears Could Remain Aggressive

Disclaimer: This analysis is purely based on the technical observations. I do not have any position in Natural Gas. One can create position in Natural Gas at his/her own risk.

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