markrivest

Clear Support Areas for Gold

Short
COMEX_DL:GC1!   Gold Futures
Point & Figure charts are great for illustrating support/resistance.

A break below the 06/07/24 bottom implies a move down to primary support made on 05/03/24.

A break below the 05/03/24 bottom could open the door for a rapid move down to the 2,165 to 2,185 area.

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.