XAUUSD
YES I AM THINK TO 2800
THEN
SO EHAT?
Gold was trading at a fresh all-time high this morning,
It is closing in on its next key upside target of $2,800,
having broken above $2,700 less than a fortnight ago.
The chart continues to look constructive from a bullish perspective.
The MACD indicates that momentum remains to the upside,
while below the overbought levels seen at the end of September.
it looks as if there’s less room overhead when compared to mid-October.
the three converged was in mid-February just before the start of this leg of the rally
when gold was trading below $2,000 per ounce.
So, it all looks tickety-boo for the bulls, and that means also it’s time to be extremely cautious.
The silver chart is very messy in comparison. From a bullish perspective,
But the market has yet to take off dramatically which is a feature of a full-blown silver bull market.
YES I AM THINK TO 2800
THEN
SO EHAT?
Gold was trading at a fresh all-time high this morning,
It is closing in on its next key upside target of $2,800,
having broken above $2,700 less than a fortnight ago.
The chart continues to look constructive from a bullish perspective.
The MACD indicates that momentum remains to the upside,
while below the overbought levels seen at the end of September.
it looks as if there’s less room overhead when compared to mid-October.
the three converged was in mid-February just before the start of this leg of the rally
when gold was trading below $2,000 per ounce.
So, it all looks tickety-boo for the bulls, and that means also it’s time to be extremely cautious.
The silver chart is very messy in comparison. From a bullish perspective,
But the market has yet to take off dramatically which is a feature of a full-blown silver bull market.
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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.