Nice move for gold over the last two months.
Its sits atop of a trendline from last September
Its is considerably outside the Keltner Channel on this daily chart. I have measured the pull back to the median on line - and you can see what it has done in the past.
As long as the trendline hold - this could be a decent short. Breaks the trendline then presumably there is more upside.
Ran the same exercise on Silver - its still a bit away from an upper trendline resistance.
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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.