Gold... the precious metal to back up the modern economy as we know it.
Potentially to reach the last spike of 2400 usd levels or a double top but nah it will not probably.
Well I got news for ya, who back up gold, (a printer or nukes) ?
Can´t eat it, can´t really see it or no transparency behind the curtains, so unless used for technology...
Risk-off sentiment making a comeback? StoneX cites 'early indications' of gold price turnaround
Risk-off sentiment might be making a comeback in the second quarter, with "early indications" of a price turnaround for gold, according to StoneX.
"After gold's performance in the first quarter of this year, when it posted its first quarterly decline since the...
Entry - 1840s
TP = 1900, 1950
Enjoy the Ride to New Highs This Year. This is a good dip to buy gold for long term purposes as well as I don't see Gold Ever Returning to this price range once it breakouts.
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Aiming towards 1910 on gold and then a breakout to higher resistance levels and hepfully pass the main ones i highlighed, specially the MAJOR resistance. 2K Stimulus strong possibility and a really good catalyst. Stimulus check might be a seperate standalone bill, so good news for gold if passes. More money printing for the other seperate bills that add up to...
Find rejection once again in the area 1905-1915 .
Now We can open long position on Gold Against the temporary trend.
Temporary trend is Short But On Monthly Weekly Trend is Up.
What i see here is a sideways game that GOLD is going through at the moment. Since it's holding above 1790's pretty well, it is just a matter of time of when the real breakout will arrive. So i extended the triangle with multiple possible scenarios. And one of the reasons the breakout failed today was due to many things getting sold for cash driving the DXY back...