- Gold is up YTD ~13% and been in a strong uptrend since 2018.
- Price is coiling and volatility is contracting into a Pennant / Wedge type pattern.
- Fundamentally with rates so low and so called endless Fed money printing - gold continues to have a strong macro appeal. Expecting prices to resume its uptrend at this stage - may take some profit of the table if it breakdown here.
- Price is coiling and volatility is contracting into a Pennant / Wedge type pattern.
- Fundamentally with rates so low and so called endless Fed money printing - gold continues to have a strong macro appeal. Expecting prices to resume its uptrend at this stage - may take some profit of the table if it breakdown here.
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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.