gold may hit to 1365-1375$ soon then fallback to 121x's or 1180$ once again this year. target for 2021 : 1500+
Trade closed manually
Trade Update : Looks like gold is performing an over-extended trading. Recession might be on way. Other commodities such as silver , platinum , oil etc. doesn't support the gold's rally. Watch 1430$ for short. I think this bull market is going to end soon. it will drop back to 121x$ at least i believe.
That will market decision point. Gold can either reverse from that bottom again or go for a deep dive through 9xx$ levels before the reversal.
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.