Trading is always based on trick thats designed by majority ETF holders and hedge funds managers. The gold harmoney here based on GoldSpot Tokyo rollover price measure by DXY compared to XAUUSD
This line indicate that market rallied very high and has to find tracement extension , if everybody buys gold to make money , price will shoot and Hedge funds will buy it expensive , little shakes to make it unpredictable. This Support line is great held many points and today another test to hold tight or break
Lower level 1482 then 1460 (Feb. Levels from Weekly chart on last 10 years)
This line indicate that market rallied very high and has to find tracement extension , if everybody buys gold to make money , price will shoot and Hedge funds will buy it expensive , little shakes to make it unpredictable. This Support line is great held many points and today another test to hold tight or break
Lower level 1482 then 1460 (Feb. Levels from Weekly chart on last 10 years)
