Video: Bears Take Control of Gold

Adam from MarketClub has posted an excellent video on Gold and where it is headed.  He discusses how you could have expected the sharp sell-off in gold by noticing the engulfing pattern several days prior to the sharp decline.

He also applies Fibonacci to predict how much gold will decline before making another possible rally.  Lastly, he points out that MACD indicator has made a crossing, which is bearish for gold.  I highly recommend this video if you are interested in gold.

Click Here To Watch Video

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