Gold formed a dark cloud cover (bearish candlestick reversal pattern) with the completion of last week’s candle. Still, until the metal can break below the year + channel, upside potential should be respected.
Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Friday evenings), technical analysis of currency crosses on Monday, Wednesday, and Friday (Euro and Yen crosses), and intraday trading strategy as market action dictates at the DailyFX Forum. He is the author of Sentiment in the Forex Market. Follow his intraday market commentary and trades at DailyFX Forex Stream.
