Gold Spot / U.S. DollarUpdated Gold outlook
Strong rally off the back of dollar weakness pushes gold towards it's long term trend line and above that the .382 retrace (2011-2015 decline).
RSI trend line could come into play as we reach trend line.
Technicals alone will not shift momentum and a reversal of funds back into the $
RSI trend line could come into play as we reach trend line.
Technicals alone will not shift momentum and a reversal of funds back into the $
Note
Testing the levels
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.