What just happened to the price of gold? This looks like a reversal candlestick pattern to me.
Follow us
Brokerpedia is an independent information service that provides users with a platform to rate and review their broker. The ratings and reviews published on our service are user-generated and do not constitute financial advice. Brokerpedia does not accept payments, process orders, or trade the markets in any way.
Brokerpedia is the trading name of Media Vest FZ-LLC, a company registered with the Dubai Development Authority under license number 101647. Our headquarters are at Building 5, Dubai Media City, Dubai, UAE.
2 comments
No idea, but I agree that it doesn't look promising. I've closed some of my long positions as a precaution.
Apparently this is down to COMEX lowering the maximum leverage it allows across gold futures contracts.