Gold has tapped the 4,400 zone we flagged after the bear flag break — right at the 61.8% retracement, a level that tends to either hold as support or give way to a deeper leg lower. Now it's a genuine wait-and-see: the next move hinges on what real yields do, not just headline yields.
In this update we break down what flips gold bullish from here versus what keeps the downtrend alive, and the one chart that's actually been driving the whole move.
Key levels, bias and triggers covered. Not financial advice.
In this update we break down what flips gold bullish from here versus what keeps the downtrend alive, and the one chart that's actually been driving the whole move.
Key levels, bias and triggers covered. Not financial advice.
Trading leveraged products carries a high level of risk and may result in losses exceeding your initial investment; ensure you fully understand the risks involved.
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Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
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Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
Related publications
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.
Trading leveraged products carries a high level of risk and may result in losses exceeding your initial investment; ensure you fully understand the risks involved.
-
Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
-
Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
Related publications
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.