Technical forecasts: Gold looks weaker than ever, Potential Head & Shoulder on EUR/GBP - Jim Dodgin
Jim Dodgin, Independent Technical Analyst joins Presenter Jenny Hammond to talk about the uber-bearish gold chart structure, which suggests the yellow metal may have lost its status of being a ‘safe haven’.
Gold could drop below $890/Oz levels… Need we say more? Watch the full segment to know the technical rationale behind Dodgin’s bearish view.
Dodgin also talks about a potential head and shoulder formation on the EUR/GBP chart. He expects a major sell-off below 0.8350-0.896 area.
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