BEARISH OUTLOOK ON GOLD

2022年1月2日

looks like we could see a bearish movement For gold for the following reasons:

market hat come back to retest the trendline making it its third touch on the weekly time frame.
The pull back has come to a well respected trend line created on the 21st of July last year.
Pull back has hit the 61.8% pullback..
the RSI has shown that we are over bought (over 70%) on the 4 and 1 hour chart,

totaling to 4 confirmations on the charts indicating a sell. If we see a bullish break above we will wait for a bull back and then buy

fundamentals
Monday, JANUARY 3
14:45
USD Markit Manufacturing PMI(Dec)

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15:00
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