Tricky level currently for gold. If we can flip the $2,050 area for good and turn it into support it is off to the races for gold, start of a bull market imo. However, this is the real world and banks heavily manipulate precious metals. Surging gold signifies a week dollar, so i expect 2k to be heavily defended for now. The damn will break eventually, but not today. I expect a $1,880 however most ideal area to buy is $1,750, around the 200 week EMA.
Note
No change currentlyNote
No change.. $1900 incomingNote
$1,900 has been hit, i still dont like this area. It is a solid point to buy however sell volume is still outpacing buy volume which i typically want to see the opposite for a reversal. Main long area is approximately $1,780 - 1800Trade closed: target reached
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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.