1700 called last week and achieved. We took a scale in entry following the 4h analsis - W formation, 61.8 fib level, trendline and bearish bias from our daily outlook. TP 1 set at -27 @ 1692.42 and TP 2 -68 @ 1770. TP2 would coincide with the bottom of the huge weekly bull flag on gold. Will this truly be the bottom? Everyone calling for a bull run to ATH's but with the dollar story and the yields mounting, putting increasing pressure on the metals... We'll soon find out.
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.
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.