Long gold at current price
Gold's monthly chart shows the yellow metal is probing with the upper end of the bull flag breached to the higher side last month. In other words, the metal could be shaking out weak hands before rallying.
I would buy here at the current price of $1,858 for target of $2,100 with stops under $1,800
If Powell turns out dovish, gold will fly.
I would buy here at the current price of $1,858 for target of $2,100 with stops under $1,800
If Powell turns out dovish, gold will fly.
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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.