Is GOLD hitting the upper part of the channel?
The top part of the channel starts at around $2,499 USD.
As off right now, everything looks extremely bullish for Gold. The debate is if this is the top and price will revert towards the downside or are we going to higher highs?
I believe the USD will continue to depreciate at a quicker pace, as we create even more money/more deficits.
Personally, I think it'll go to the top part of the channel. Not sure how fast though.
As off right now, everything looks extremely bullish for Gold. The debate is if this is the top and price will revert towards the downside or are we going to higher highs?
I believe the USD will continue to depreciate at a quicker pace, as we create even more money/more deficits.
Personally, I think it'll go to the top part of the channel. Not sure how fast though.
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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.