Sorry to disturb the bulish feeling, but it is alwasy reasonable to check Gold against a currency basket and not just US$. We are now in timerange and pricerange as I suggested last autumn. We had a high volume surge we haven't seen since 2011 and the bullish feeling people have is certainly justified! BUT as a perma Gold bull I also learned to be realistic. We are currently at the upper Resistance of our tradigrange and RSI, Stochastics and Choppiness look terrifying! Each time we had similar data, we had a correction! So expect another one these days!
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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.