gold upside idea
potential upside move on gold to correct its bearish move which was caused by russia withdrawing its troops from ukrain, this is therefor positive news for investors as there is reduced fear within the markets hence investors pulling money out of gold .
the gold upside bias would be deemed invalid if further more positive news is released reducing war tensions between russia and ukrain therefor which could cause gold to drop further down.
but as it stands currently, we are seeing that gold has broken past a major resistance and has created a new support area for buys.
for buys , we require price to break above 1856 level as confirmations , and fundamentally a fear catalyst would further help to push price up to its previous highs created.
i would look for sells if price breaks below 1845 area
the gold upside bias would be deemed invalid if further more positive news is released reducing war tensions between russia and ukrain therefor which could cause gold to drop further down.
but as it stands currently, we are seeing that gold has broken past a major resistance and has created a new support area for buys.
for buys , we require price to break above 1856 level as confirmations , and fundamentally a fear catalyst would further help to push price up to its previous highs created.
i would look for sells if price breaks below 1845 area
Note
target area reached
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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.