Hello traders. After 6 months of downward momentum with no green candles, we finally have a pullback. Question is , how far will gold go? The US dollar is super strong due to the inflated state our current government has made it. I think the DXY is taking a breather but is not done pumping up. So for me I am waiting to get in on a potential push down. Marked on the chart is an area of interest for me. If gold breaks and closes above the mentioned wick on the chart (1735.03 - 1741.00) there is no traffic and gold can keep pushing up for a bit. All thanks to Big G, my mentor. Trade the trend and be well.
Pip Whisperer
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Pip Whisperer
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.