Difficult situation for gold. On the one hand, the price is still at a strong resistance level on D1 timeframe and I am considering selling. On the other hand, two support lines and the level of 1790 prevent the price from falling.
Therefore, I do not recommend selling gold until the price breaks through all these lines and levels. Target - the support line .
Honestly I dont even get why people bother Trading Gold on the equities Mkt. its an Insurance policy against Inflation...and an expensive one per unit at that!
Unless you are Trading futures where 1delta = $100 there's not much point. SLV is a far more efficient Trading device and there is greater volitility.
Regardless your Charts and reasoning are sound DeGram.
xCM
DarkWaveHunter
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UnknownUnicorn6361804
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Times like these, sit on your hands and do nothing while waiting for a confirmation for a directional bias! ;)