SAXO:XAUUSD   Gold Spot / U.S. Dollar
A lot of confluence here on the bottom trend line of my leading diagonal & the bottom trend line from the March 2020 lows, so much bearish sentiment in XAU currently & also $DXY seem about done with the push. On top of all that yields seem ready to drop, we could have a nice set up for XAU to at least retest the ATH's & breaking that opens the door for $2400.
Miners seem all about done & also they r so bloody wrecked that if I had extra $$$$ I would load up on those gold miner stocks IMO. Anyway just my thoughts guy always DYOR. Good Luck!

Comments

ahahahaha impossible
+1 Reply
I think we will still have some down till area between 1650/1680 before up
+1 Reply
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