TradingView
quantguy
Mar 11, 2022 11:36 AM

Safe Haven Inflows Still Lifting Gold (For Now) Short

Gold FuturesCOMEX

Description

Ukraine woes still weigh on global markets and although gold has retraced significantly, it is still hanging onto the high 1900's. Positive news is incoming as we compose this thread including Putin acknowledging "positive undertones" in Ukraine talks. We have given up the 2000's after touching highs at 2070. After finding support at 1982, we appear to be making a run for 2000 again, currently testing 1999 and hovering about 1995 or so at the time of this writing. The Kovach OBV is drifting downwards, suggesting a slight bear bias, but we have a lot of support levels below to buoy the price, including 1982, 1977, 1973, and 1964. It is doubtful we will slice through all of these, but watch the vacuum zone below to 1936. If we get a lift, then 2029, 2048, and 2070 are the next targets.
Comments
dougscott174
Hey, ah...quantguy...are you telling me that you even halfway believe anything out of Putin???
He's going all the way. He cannot lose this or he is literally dead. Did Hitler ever comprise?
There will be no compromise. Russians always talk compromise while they massacre they're enemies.
Former US Navy pilot. I studied them for years.
Any compromise talk from the media is bullshit.
Maybe Gold has a little more downside to 1895-1879...but then on to new highs.
Remember, we still have Brandon and his minions for next 3 years.
Goodluck.
More