Gold price, page-9330

There's some really great bids now, obviously keen to get in at these lows. Strength for sure.

MACD crossover on the daily seems to have occurred Monday, and it's at extremely oversold(?) levels now, has not been down this low since 2013 after some epic falls.




A glance at the POG chart is telling me further downside is more likely now.


We just had the lowest close since Trump last night, a very strong down red candle.
Including a lower low.
There is a low wick on it however, so that can mean a rejection of lows that were reached.


Matches this pattern, with supposedly high reliability.
(I haven't actually studied this one before, but interesting to note)


Looking at the past 24 hours or so, POG today really needs to break up at least past $1170.