Risk aversion continues to escalate, go long after gold retreats

117

Gold has two effective support positions. The first one is near 3048, and gold rises rapidly after hitting the bottom of 3048. The second one is near 3070. If gold does not break through 3070, it will continue its strong bull market. If gold falls back near 3048, then gold may start to maintain a large range of shocks.

snapshot

Trading idea: Go long near gold 3070, stop loss 3060, target 3100



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.