Price has been consolidating due to geopolitical uncertainty concerning US deployment in the middle east. Gold still bullish regardless being a safe haven. At lows and testing daily trendline. Liquidity taken from botton. Anticipating price to hold here and move bullish into n3xt week. Rebounding here and daily closing bullish will likely result in a gap up over the weekend depending on what happens with Iran and Israel. Situation unlikely to reach peaceful settlement which will inevitably send gold up. Buys taken assuming current levels are long term discount prices. Long hold potential so long as sell off doesn't continue.
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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.