Gold Spot / U.S. DollarUpdated XAU Weekly timeframe thoughts
just thoughts on price action. Annotations on the chart
Note
From a weekly timeframe perspective, major rejection happened at 3M key area. Tagged 1900 with a false break. Waiting to see what gold does in this coming week but it seems like it is accumulating.Note
We have been in such a long period of sells, a pullback is in order.Note
Didn't really close strongly below the Quarterly/ 3M Key level. I expect gold to reach 2k in the next 2 mos.Note
2K may just very well be the trendline retest -- to mitigate that fresh supply area in this Weekly tf.
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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.