Gold & Silver Technical Outlook: Path of Least Resistance Remains Down
Precious metals continue to decline, gold from a long-term trend-line, silver from shorter-term resistance; still looking for lower prices.
Precious metals continue to decline, gold from a long-term trend-line, silver from shorter-term resistance; still looking for lower prices.
The current Bitcoin price trend may soon reverse higher despite the fact traders remain net-long.
The US Dollar Index (DXY) drop attracted institutions who hold steadfast to their view that USD should drop further, but since February 16 their resolve has been tested on a strong DXY bounce.
The combination of current sentiment and recent changes gives us a further mixed GBPUSD trading bias.