Gold Market Breakdown - Weekend of June 13th
As always please do your own research, I am not a financial advisor.
- Especially in a time of global economic crisis, hard assets is what people are looking for to park their wealth in the coming of an inevitable stock market doom
- Back in March, Gold crashed with the rest of the economy due to 'coronavirus' all the way down to $1474 (bottom of the accumulation zone)
- Accumulation zone for Gold - Perfect entry - $1474 - $1562
- Currently price is holding $1682 support.
Why $1682? Swing High of the uptrend - 1st TP at $1792
- 2nd TP at $1897
As always please do your own research, I am not a financial advisor.
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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.