Gold futures has been teasing $3500 for a few weeks now and every time it gets to $3350 the shorts roll in and the buyers continue to show their strength.
If prices breaks above and maintains the $3475 support before the week ends; then we will see a strong run above $3500 next week.
Lastly, the EMA 20 & 50 as well as the RSI are all bullish on the 1hr, 4hr, and 1w timeframes.
Always remember the trend is your friend!
If prices breaks above and maintains the $3475 support before the week ends; then we will see a strong run above $3500 next week.
Lastly, the EMA 20 & 50 as well as the RSI are all bullish on the 1hr, 4hr, and 1w timeframes.
Always remember the trend is your friend!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.