swimmax

Daily Resistance on GOLD (XAU) lets see how the week turns out

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Again we come to a resistance level for GOLD , XAU and now watch for a break above (at the time of this writing) exactly at the resistance 1827.02.

With the past double bottoms both at 1680 and 1733 we can see a return to either of those levels, very possible or a continuation to 1865.

We are looking at inflationary pressures greater than the 7% that the FED is calculating so longing gold as a hedge is not a bad idea. That along with any crypto currency i.e. BTC , ETH, etc.
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.