This week could see a temporary high in gold, potentially leading to a FALSE MOVE to the downside before the true bull trend emerges, ultimately driving gold toward $6,000.
From a cyclical standpoint, a CLOSE below the H1 cyclically derived breakout line may indicate a sharp decline, so keep a close watch on the closing price!
The breakout line defines the energy boundaries—once price gathers enough momentum to break through, a strong acceleration is likely to follow.
From a cyclical standpoint, a CLOSE below the H1 cyclically derived breakout line may indicate a sharp decline, so keep a close watch on the closing price!
The breakout line defines the energy boundaries—once price gathers enough momentum to break through, a strong acceleration is likely to follow.
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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.