Gold has been a great performer to start the week and is nearing a monthly range high set back in November. I wish I had caught this breakout but now we wait and watch. I want to see how price reacts to the range high before I make any moves. Rate have change has been strong so there is potential for continuation but I dont want to chase price before it reacts to the monthly range high. If you are already long, the 1911-1901 is the most recent support area from the weekly range breakout of this week. As long as prices remains above that level the trend is to the upside.
Stay Curious
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Stay Curious
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.