CFDs on Gold (US$ / OZ)Updated Break, fake, or wait?
This is a beautiful chart and we may soon see if gold is ready to end this year plus consolidation.
The DXY will tell the story I suppose, it sure got wrecked today. But it seems like gold buyers are waiting to see if the dollar is really going down for the count, or not. I would love to see a close above 1830 today.
If we fail here, then I expect us to have to wait until June for the next bullish leg.
The DXY will tell the story I suppose, it sure got wrecked today. But it seems like gold buyers are waiting to see if the dollar is really going down for the count, or not. I would love to see a close above 1830 today.
If we fail here, then I expect us to have to wait until June for the next bullish leg.
Note
Decision time!
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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.