TheAnonymousBanker

GOLD: Outlook Update

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FX:XAUUSD   Guld / USA-dollar
Little Update: Gold has shown an attempt to pullback, but he failed at least at the moment. Technically speaking (on TFW), the gold is working a bearish pattern (AB = CD), and it still keeps under his YPP (Yearly Pivot Point) and COT net position are still bearish. Taking a purely "technical analysis", without considering the geopolitical and economic events, every swing bullish must be regarded as an opportunity to sell gold. My analysis is considered of medium-long term.

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By Anonymous Banker
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