Gold is above the ichimoku cloud and is breaking through the 2011 1M closing high.
Caused by similar fundamentals in the prior recession.
Caused by similar fundamentals in the prior recession.
Note
Gold broke through cloud downwards. Cloud is very thin and will be no resistance short-term to break through upwards and turn bullish.Expecting a leg up after this trading range of 1700-1720.
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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.