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Exploring Gold's Downtrend

127 ratings | 3658 views
Gold is in technical correction territory, having plunged more than 10% since April, but some recent Dollar weakness has offered a touch of respite for Gold in the last couple of days. This video looks at a few issues affecting the price and also explores some levels of interest on a selection of chart time-frames. At Trading 212 we provide an execution only service. This video should not be construed as investment advice. Investments can fall and rise. Capital at risk. CFDs are higher risk because of leverage.
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Text Comments (12)
Michael Wazinski (3 months ago)
New support at 1214 usd
James (3 months ago)
And silver :(
Bitco id (3 months ago)
Look Bitcoin please
Hayden Harris (3 months ago)
You must be a member of the public affiliate with 212. I like betting on the forex, guessing if gold will get weaker or stronger, because its too expensive to actually buy gold. Loving the forex.
Hayden Harris (3 months ago)
You must be an affiliate with 212
Elias Musonda (3 months ago)
We need to be informed about the reason behind certain reactions in the market.
James Hibbert (3 months ago)
You're getting good at this 👍 looks like you've picked up an awesome tan too !!!
Jose Azcarate (3 months ago)
Thank you Peter.
Scarecrow (3 months ago)
It's sad the ESMA has altered their policy regarding leverage.
Hayden Harris (3 months ago)
E s m a will protect a lot of financially challenged people from loosing money whilst gambling on credit on the forex, I agree with it.
Florian P (3 months ago)
Maybe look at it from the perspective of the 2 years long wedge that it recently broke for a longer term perspective? Could this still be a fake-out?
K Vjqxzz (3 months ago)
this is one of the best and soberest price action analyses of gold that I have seen in the last eight years - very good observation on the accuracy of standard RSI for catching overbought/sold. Many thanks.

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