Looking like the pressure in trade and uncertainty will help lift gold into 2480’s and tempt a pullback and build up into 2528 and beyond.
Exciting stuff!
A pullback could mean a slippery slide to a diagonal support and some hefty by orders on more standard news.
Long here 120 units, tight stop loss at 3424oz. Will pickup in increments down to set buying zones or the long diagonal supports for the ride back up regardless. Will expect a choppy wave before readying a rip up though… have to be dramatic about something that’s going to happen regardless? It’s gold.
Exciting stuff!
A pullback could mean a slippery slide to a diagonal support and some hefty by orders on more standard news.
Long here 120 units, tight stop loss at 3424oz. Will pickup in increments down to set buying zones or the long diagonal supports for the ride back up regardless. Will expect a choppy wave before readying a rip up though… have to be dramatic about something that’s going to happen regardless? It’s gold.
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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.