We are reaching peak level of euphoria towards gold as central bankers around the world print endlessly because of the COVID destruction. Would expect a significant pullback to shake out some traders and investors.I idea is invalid if weekly candles start closing above the box.
An initial rejection is expected but confirmation would be after a close below the orange line only after reaching the box.
An initial rejection is expected but confirmation would be after a close below the orange line only after reaching the box.
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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.