Gold in need of a breather retracement bringing price $2200
With Gold trading at record highs, it is in need of a breather. It parabolic rise is astounding but is a healthy retracement to the breakout point of the parallel channel is healthy and expected.
We see price retracing back to the $2200 ish price target and then bouncing back to making new all time highs.
We see price retracing back to the $2200 ish price target and then bouncing back to making new all time highs.
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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.