Gold Continues in Pull Back Channel
In the daily chart we see gold hit the top of the channel and started to pull back in the small channel above.
I personally expect it to pull back where Fib 0.5, main up trend line and strong support area intersects. We can expect a bounce back from there.
I am not a fundamental analysis expert, but one would think USD will be inflated until the election as usual, which supports the technical analysis as well.
I personally expect it to pull back where Fib 0.5, main up trend line and strong support area intersects. We can expect a bounce back from there.
I am not a fundamental analysis expert, but one would think USD will be inflated until the election as usual, which supports the technical analysis as well.
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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.