Gold Breaks Through Support As Predicted
Gold breaks through strong support region, pushed down by positive macro news flow as predicted in my previous post. This completes the descending triangle pattern, was a reversal
The support region marked could be changed based on more news flow, will be updated regularly.
1.) More positive earnings surprises will likely follow
2.) Positive trade news is more likely than negative trade news
3.) No Brexit fears currently to support Gold prices
Check out my blog gdxdaily.com to see how I determine my investment thesis!
The support region marked could be changed based on more news flow, will be updated regularly.
1.) More positive earnings surprises will likely follow
2.) Positive trade news is more likely than negative trade news
3.) No Brexit fears currently to support Gold prices
Check out my blog gdxdaily.com to see how I determine my investment thesis!
Transaction en cours
We might see a retest of the support turned resistance zone that was broken today. If that happens, might be a good opportunity to add to 
DUST if you're trading gold miners.Note
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.