Key levels for gold
There is a bearish bat formation in mid feb at 1340, also with the dovish fomc minutes together with the inverted yield curves, good news for gold price.
For intraday traders, focus the upper edge of the channel, at around 1325, then 1330-1340 if price keep moving up.
Personally I'd rather waiting for long confirmation signals then to buy between 1285-1300 level.
For intraday traders, focus the upper edge of the channel, at around 1325, then 1330-1340 if price keep moving up.
Personally I'd rather waiting for long confirmation signals then to buy between 1285-1300 level.
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