On the HTF charts we can see gold has move around $ 200 for the prior 3 legs down.
So , with a similar movement down in the current leg , a price target of $ 1530 is reasonable.
The next weekly support level comes in at $1450.
With an extremely bullish Fed , and skyrocketing US Dollar, Gold is on the slide.
So , with a similar movement down in the current leg , a price target of $ 1530 is reasonable.
The next weekly support level comes in at $1450.
With an extremely bullish Fed , and skyrocketing US Dollar, Gold is on the slide.
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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.