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Goldusd

a re-visit on gold gold is holding very strongly with a massive healthy wedge forming possibly on top of a multi-year cup and handle - if my autism is calibrated correctly, we are looking at a minimum of $2700/oz for our favorite shiny boomer rock inflation is high, rates are low; fed is in an impossible situation. save the dollar and crash the economy? or crash the dollar and save the economy in nominal terms? gold under 2k in today's economic climate seems silly cheap in any case.
TVC:GOLDLong
by chickenboye
GOLD (XAUUSD): Key Levels to Watch This Week 🟡 On a today's live stream, we discussed Gold. Here is my fresh technical outlook on that: The price is currently stuck on a broken falling trend line. It is a minor support from where the market may slightly recover. The closest resistance that I see is 1680 - 1697 horizontal supply area. A bit higher, we have an upper boundary of a falling parallel channel. These 2 structure compose a contracting sell zone from where I will expect the next trend-following move. The closest minor support is a lower boundary of a channel. Being reached, I will expect a pullback from that. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
4
Gold (XAUUSD): Important Breakout & What is Next 🟡 Hey traders, Gold broke and closed below a key weekly demand cluster. That violation is a very strong bearish trigger and it will push the market much lower. Zooming in the chart, I spotted a falling parallel channel. I suppose that the price will keep falling within its boundaries. Next supports: 1600 / 1550 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
12