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Exploring Gold's Downtrend

128 ratings | 3493 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 (22)
Michael Wazinski (18 days ago)
New support at 1214 usd
James (21 days ago)
And silver :(
Bitco id (22 days ago)
Look Bitcoin please
Hayden Harris (22 days 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 (22 days ago)
You must be an affiliate with 212
Elias Musonda (23 days ago)
We need to be informed about the reason behind certain reactions in the market.
James Hibbert (23 days ago)
You're getting good at this 👍 looks like you've picked up an awesome tan too !!!
Jose Azcarate (23 days ago)
Thank you Peter.
WuWei1967 (23 days ago)
It's sad the ESMA has altered their policy regarding leverage.
Hayden Harris (22 days 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 (23 days 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 (23 days 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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