If you have already longed Gold at around 1700 price level, congratulations. You can either take profits or wait out. But if you have not long Gold this year, I suggest you take a break and wait for the signals. We can see that it is at the resistance level at 2075 price level and while the last few weeks have been bullish, we never know what's going to happen in the future for sure.
So, let the price breaks out and shows evidence of a continued rally before going LONG or it could retrace within the bullish green line before going up or down.
Please DYODD
So, let the price breaks out and shows evidence of a continued rally before going LONG or it could retrace within the bullish green line before going up or down.
Please DYODD
Note
yawning..........Note
could this time breaks above the resistance point ?Note
bearish pin bar, short term traders can take profitsNote
added moreNote
Praise God. Congrats to those who followedNote
added more last nightNote
a bearish pin bar, expect profit takingNote
IF a recession does come next year along with the rates reduction, this asset class may have more room to goNote
The war will help to accelerate the gold price so not selling nor taking profits yet.....
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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.