Gold FuturesLong
Gold Channel Success 7/18/2020
As suspected, Gold futures a was in a channel since 2018. It bounced right off my first support.
That said, the dollar strength reached a major support. If the dollar rips up, then gold may experience a pullback from the dollar strengthening.
That said, gold is in a long term bull market. The price may be a bit high now. I will wait for the pullbacks to buy into gold.
That said, the dollar strength reached a major support. If the dollar rips up, then gold may experience a pullback from the dollar strengthening.
That said, gold is in a long term bull market. The price may be a bit high now. I will wait for the pullbacks to buy into 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.