Sive Morten
Special Consultant to the FPA
- Messages
- 18,639
Good morning,
Gold has a bearish context on weekly and monthly time frames, suggesting downside continuation in medium term and leave phantom chances on keeping former bullish tendency. Still, if medium term it might be so, in short term price stands at support and with few important fundamental factors this week could have a positive sign:
Gold has a bearish context on weekly and monthly time frames, suggesting downside continuation in medium term and leave phantom chances on keeping former bullish tendency. Still, if medium term it might be so, in short term price stands at support and with few important fundamental factors this week could have a positive sign:
We have start of New Month of March and with stimulus and interest rates not to mention stock markets looking 'precarious' it's better to wait again to see if we get a nice pullback to take a short position towards $1700-$1650!? 
