ampatrick4

XAUUSD TWO POSSIBLE OUTCOMES

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
As Gold comes to its final decision on which way its heading, here are my thoughts on two possible outcomes. 1. The price dips to low 1230s and hits support as I suggest, and then starts to go back up, possible new highs. 2. The price bounces off the current support and ascends to 1295 but does not pass it, as a ascending triangle is formed. Just my idea on what could happen. I dont see the price of gold going below 1230.

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.