Slimsy

Gold nearing a breakout

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Some food for thought. The breakout may be sooner than the chart suggests due to special circumstances we are in and strong demand.

The risk lures behind the dollar movement. Even though Fed provides liquidity, it still may not be enough to calm the markets (and especially interbank market) with 3.4mn jobless claims shooting up the face
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.