Hello traders. What an unexpected spike up (to me) on Friday. Looking at the weekly, I believe it was a false breakout. After things calm down from last week's news and general reaction to current events, gold will start to recede. I think last week was to shake out all the short positions being held and get people into buys only to come way down. I think it will be a bit before we touch or break 1885 / 1900 zone. Closing above my marked lines could invalidate this idea. Put my shout out in writing to thank Big G, my mentor and guide in this journey. This is just my opinion and analysis. Please do your own homework before entering trades. I will update my analysis after we get into the week. Safe trading to all and thank you so much for checking out my analysis.
Pip Whisperer
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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.
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.