False Breakout Perhaps. Not convinced by it
Not quite convinced about higher Gold prices as yet. Gold struggled to break the $2073 resistances since touching in Covid days. Given the situation in Gaza seemed contained there isn't enough uncertinty to look for "safe haven" assets. Furthermore the given Rates are more like to come down than rally further triggering for a risk on trade. Gold doesn't seem attractive at all
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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.