Long After 1690-1694 ZONE
Gold is generally unpredicatable but with the bullish year to come I'm expecting the Institutions to expand as we are currently in a contraction phase basically shaking out the short traders and "dumb money" as well as gaining liquidity on this retracement and then I believe we'll go into a trend to break previous swing highs, followed by a drop back to the resistance turned support. This is the start of a new Market Cycle, hence the big move up.
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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.