RE: Once it drops,28 Nov 2023 11:48
''We saw a rather lacklustre performance yesterday, with volume falling 20% below average and the price range barely budging, essentially remaining stagnant. This suggests that the market is currently in a holding pattern, much like a plane parked at the gate while the pilots and crew prepare for the next leg of the journey. Meanwhile, the price of gold continues to soar, surpassing the $2,000 mark. On the weekly chart, we're encountering a bullish wedge formation at the first resistance level of 245, which is temporarily holding the price in check before it embarks on its next flight towards the second resistance line at 260.''
Target hit today to the tick let's see how Uncle Sam moves this afternoon during the Capital Markets day kick-off is at 12:30 Duration approx 4 hours