Gold longterm chart
As we can see Gold is making a decision for the next years now. Gold is at a very interesting point now. The ATH are close and there are only 2 resistance zones ahead, the highs from late 2011 to 2012 and the ATH from 6th Sep 2011 at 1920. I myself would give it a buy rating at the moment but as we see this is a long term chart and an ATH and its resistance should never be underestimated. The Fib should also play a role as we are at last 0.786 from the big downmove from 2011 (ATH) to late 2015.
I will publish a more shortterm analysis an a few minutes.
XAUUSD
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.