Orriginal

Is Gold about to break out ?

TVC:GOLD   CFDs on Gold (US$ / OZ)
As we see the DXY slide back down and confusion in the TradFi markets. Money is moving out.
GOLD is the traditional path for retaining Value but it has been in a long Term horizontal channel and is currently facing strong resistance on the upper trendline.
Meanwhile, Huge amounts of money have come into the CRYPTO SPACES

Gold id in a good position, above the 50, 100, 200 EMA's - just needs the money...............................

Disclaimer

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.