Commodities Analysis by Sunshine Profits (Przemyslaw Radomski, CFA) covering: XAU/USD, XAG/USD, Gold Futures, Silver Futures. Read Sunshine Profits (Przemyslaw Radomski, CFA)'s latest article on Investing.com
high-volume shooting star reversal, it was likely to invalidate its recent breakout any day now. Quoting my previous comments:
Also, on Sunday, I warned that we might see some short-term Trump-assassination-attempt-driven chaos that’s likely to be followed by gold’s declines as markets realize what the implications really are.Gold reversed its course once again during yesterday’s session, and then it kept on declining. At the moment of writing these words, it’s visibly below its April and May highs. Since invalidations don’t require confirmations or verifications, this is already a massive sell signal.
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