Trade_Journal

GOLD - Where to next?

Trade_Journal Updated   
COMEX:GC1!   Gold Futures
GOLD1! GOLD XAUUSD

GOLD - Where to next?

Well, as we had CPI out...5% - Dollar is getting sold it's what I expected but I am focusing on precious metals, we are heading higher but we are at key resistance. Highs 2050 lows 1980. we still within range a break below lows expect 1950 areas. However above 2050 highs, gold can easily achieve 2080 - 2100 areas.

Pattern wise: Rising wedge - still within range no break out as for yet.

Trade Journal

Comment:
PB due...
Comment:
Still within range...
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.