Gold has been trading inversely to the USDJPY.
USDJPY retested the 100 level and that's proven to be major support.
A small recovery in the Yen will send Gold back to the 2016 support trend at $1320
USDJPY retested the 100 level and that's proven to be major support.
A small recovery in the Yen will send Gold back to the 2016 support trend at $1320
Note
TG 1320 HitNote
Target $1320 hit, idea closedTrade closed: target reached
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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.