Pure speculation. Do not take this as advice.
On my previous post on gold, I mentioned about the resistance on momentum. It was cracked and we've now found a resistance area around the black line going back to 2016.
Looking like an ascending wedge formed here. Most recent S/R around $1425. Could potentially find some support either at $1425 range or could find it at an area from back in 08-09 range. May watch $1488 area as well, but expect only minor support ($1488 not shown).
RSI overbought with a bit of bearish divergence occurring, MACD off the walls, going to need a drop in order to stay realistic and not go full on Parabolic. Plus there will probably be a tweet or something claiming China news that's not a big deal that will prop up equities and help bond yields.
On my previous post on gold, I mentioned about the resistance on momentum. It was cracked and we've now found a resistance area around the black line going back to 2016.
Looking like an ascending wedge formed here. Most recent S/R around $1425. Could potentially find some support either at $1425 range or could find it at an area from back in 08-09 range. May watch $1488 area as well, but expect only minor support ($1488 not shown).
RSI overbought with a bit of bearish divergence occurring, MACD off the walls, going to need a drop in order to stay realistic and not go full on Parabolic. Plus there will probably be a tweet or something claiming China news that's not a big deal that will prop up equities and help bond yields.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.