OANDA:XAUUSD   Gold Spot / U.S. Dollar
DONT BE RUDE! I am on about it is going to rain down money when 1765 breaks ;p I don't want to know what you get up to behind closed doors.

If 1765 breaks then Gold price will make considerable bullish moves! Price has just been ranging between 1765 and 1675 since 1st march waiting for the breakout to happen and boy when this breakout does happen we are going to the moon.

From my chart you can see marked in the yellow boxes is where price touched and respected 1765 and 1675.

Everything is pointing to higher gold prices, for example the mess the economy is currently in and it is only going to get worse with 100s of thousands of more businesses due to go bust in 2021, bullion dealers struggling to keep up with demand for gold bullion, some of them are selling stock they have not yet got on the shelves and a new wave of co3id threatening to shut down the world again! When the world shuts down so do the gold mines, so lower production and higher demand will send prices sky rocketing.

If you are interested in learning more then send me a message.

Peace out.
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.