Commodities Trading | Gold – Will it Crash if it Breaks the Neckline?

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This is the weekly chart of Gold, which shows an obvious key support level defended by the big players. As I mentioned in my previous seminar, I am pretty certain this level will soon be tested again, but there will be some consolidation near that level as key battles are fought. If the bulls lose, there could be quite significant downside for Gold based on the pattern projection.

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Spencer Li

Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.