Breakdown from defending triangle and once $1200 breaks, 
GOLD looks to dive quickly to $1000. Perhaps a minor rebound this summer to $1270-80 range before falling further. Should $1000 support give way in a decisive manner, then look out below. Could then head to $750 before consolidating in a long-term price range of $400-500. GOLD just has a really bad feel to it now. Several catalysts to rally hard the last few years and none ever panned out.
GOLD looks to dive quickly to $1000. Perhaps a minor rebound this summer to $1270-80 range before falling further. Should $1000 support give way in a decisive manner, then look out below. Could then head to $750 before consolidating in a long-term price range of $400-500. GOLD just has a really bad feel to it now. Several catalysts to rally hard the last few years and none ever panned out.
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.
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.