XAU/USD (GOLD) BUY 12-23-21
On the monthly timeframe Gold has created a cup and handle pattern.
The Dollar has increased in value because of positive economic data today, however over the next year the value of the dollar is expected to go down in value which will inversely cause gold to rise.
I am waiting for price to break out of the resistance area of this handle and go for about 700 pips.
On a standard lot of gold (1.00) that would be ($70,000)
The Dollar has increased in value because of positive economic data today, however over the next year the value of the dollar is expected to go down in value which will inversely cause gold to rise.
I am waiting for price to break out of the resistance area of this handle and go for about 700 pips.
On a standard lot of gold (1.00) that would be ($70,000)
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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.