but I am not in a trade yet ...
Gold ended up a boring week activity with a stellar move on Friday gaining over 2,000 points ($+22, 1.5%) in a single day, managed to break from a tight range.
From a technical view, it’s at critical resistance, If it holds then the next stop should be around the $1765 mark, if it drops back down again the I will continue to trade the range and buy the dips.
Gold ended up a boring week activity with a stellar move on Friday gaining over 2,000 points ($+22, 1.5%) in a single day, managed to break from a tight range.
From a technical view, it’s at critical resistance, If it holds then the next stop should be around the $1765 mark, if it drops back down again the I will continue to trade the range and buy the dips.
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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.