Gold, not long ago, it appeared as tho it might fall over a cliff, but you could tell by the daily squeeze momentum that it was about to pop. Is the pop finished now as too many anticipated a fall and we received a brief squeeze, or are we on the verge of a breakout? Now I will be looking if there is a lag in miners and other metals like platinum. As gold could yet not be done with the downside. The 12M candle, which is still flying above its Bollinger Band, slightly above the unfilled gap (redline). The market money target (possible good size short swing) is at 2025 lows, fitting with the fib 0.6 retrace from the 2022 lows too ATH. So will see if gold still has some unfinished business to the downside. Good Luck and manage your trade.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
