Gold currently in a Bullish channel. Looking like a good long as it hovers around 1250.
Note
it broke 1250 resistance looking to go higherNote
clear break of previous resistance around 1263 and gold took off expecting to possibly hit 1300 and even 1350Note
gold retraced back to the 1250 mark due to raised interest rates from fomc expecting a bullish reversal at 1250 back up to 1300
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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.