Gold is very indecisive with direction here inside the broadening wedge. Gold in the short term tends to perform very badly during the big downswing in the market but lately as we saw in March, the corrections in gold have been followed up with aggressive buying sending it higher. Looking to buy on any significant deep of 5%+.
This is a long term Long play so most likely short term short because of the volatility in the markets into a longer-term long
This is a long term Long play so most likely short term short because of the volatility in the markets into a longer-term long
Note
Breakout looks promising here. Looking for more long action
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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.