Gold on track for first weekly dip in six; focus on U.S. inflation data
-
An employee handles one kilogram gold bullions at the YLG Bullion
International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22,
2023. Chalinee T...
1 hour ago
CW,
ReplyDeleteI guess some institutional funds are taking some money off the table ;)
Let's make a wild guess who is taking the opposite side of their sell downs?
We may be seeing H&S?
ReplyDeleteCW,
ReplyDeleteThe best thing about reading voodoo charts is that we see what we want to see ;)
All I see is higher highs and higher lows.
But if the price breaks below $19.30, all bets are off!
By the way, all I see is a "ladle".
LOL!
Vatsa,
ReplyDeleteNothing wrong at all as liquidity is always welcomed as it lowers the cost of transactions ;)
If there are no ones to take the opposite side of the trade, we would have a flash crash!