Gold has been leading massively since the COVID Recession driven by all time highs of inflation and low rates across the board it also traded the best in the last 18 months and so, being almost vertical in its upward movement. And so as the old testaments of time have taught us nothing lasts, Gold didn't yet have a corrective move, and one should suspect that the 2000 levels- not so long ago used to be ATH- will be revisited some time in the 12 months period ahead.
The 3400 level is holding strong but there yet to be signs of weakness on the XAUUSD pair, 3400-3600 USD/Oz is a good as any level top sell expect pumping and dumping as high as 3800 for the FOMO buyers to be drawn in by the big whales and the Short sellers to be Margined out.
This opportunity is as good as any and the market never runs out of these opportunities so trade safely don't get greedy and live below your means.
Stay safe out there
XAUUSD
The 3400 level is holding strong but there yet to be signs of weakness on the XAUUSD pair, 3400-3600 USD/Oz is a good as any level top sell expect pumping and dumping as high as 3800 for the FOMO buyers to be drawn in by the big whales and the Short sellers to be Margined out.
This opportunity is as good as any and the market never runs out of these opportunities so trade safely don't get greedy and live below your means.
Stay safe out there
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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.