awpthorp

XAUUSD Long and Short Thesis

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Main notes are on the chart, please look.

If gold can get a daily close above 1930, I may be a buyer. More so at 1945+. It's looking that way.

However, I think the banks will liquidate their positions to derisk ahead of the elections, increasing the DXY, thus hitting the precious metals hard. Gold 1800 or maybe lower.
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.