With all the uncertainty looming gold is due for some love, a slow walk to around $1580, Very strong resistance around $1370-1380 level.
Note
This is playing out exactly as expected with stock markets bleeding expect this to see a lot more love, as you can see we have tested the $1370 level several times in the past and been rejected but still stayed above our major trend line which is a massive ascending triangle, It may be a perfect storm with gold and what better way than the us economy to stay king by pumping the gold price extremely high when they own a lot of it.Note
Resistance broke gl if you got in when I mentioned this!
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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.