Gold has been in a clean, tightening descending channel and may be ready to breakout.
I wouldn't be entering until a clear breakout signal is shown, but a push back into the 1920s and possibly beyond seems like a possible scenario if the channel breaks to the upside.
I wouldn't be entering until a clear breakout signal is shown, but a push back into the 1920s and possibly beyond seems like a possible scenario if the channel breaks to the upside.
Note
Well this has aged well, almost perfect timing for the breakout and path so far, currently at 1918, the predicted push to the 1920s should be imminent
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.