Gold has no clear trend. Globally, the price is in a sideways flat. It cannot be called an accumulation, but just a range. There is news ahead, which can generally set some tone for the market.
Recently, the price has been growing exclusively on geopolitical nuances: the Middle East, problems in Europe, China started buying metal again.
The negative background is created by Trump's policy towards the dollar and inflation.
Scenario: This resistance was last tested in the middle of last month and there is no potential for a breakout. Unless the CPI comes out very positive for gold.
Idea: False break of resistance and fall to 2666
Recently, the price has been growing exclusively on geopolitical nuances: the Middle East, problems in Europe, China started buying metal again.
The negative background is created by Trump's policy towards the dollar and inflation.
Scenario: This resistance was last tested in the middle of last month and there is no potential for a breakout. Unless the CPI comes out very positive for gold.
Idea: False break of resistance and fall to 2666
Trade active
Gold is reaching the key mark. The confirmation of readiness to go down will be a false breakout and holding the market below the key zone
Trade closed: target reached
❤️ Telegram channel: t.me/AndeWave
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.
❤️ Telegram channel: t.me/AndeWave
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.