TradingView
Big_Mike716
Mar 6, 2021 12:13 AM

XAU Long

Gold/US DollarSaxo

Description

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
selsoft
ahahahaha impossible
remonastro
I think we will still have some down till area between 1650/1680 before up
More