Gold - 4Hr - As with todays Silver trade idea, Gold is the safe haven when there is uncertainty in the markets. We have seen price push up over recent weeks and we don't think today will be any different. Yesterday we reached a high around the 1500 level. There is still room for the price to retrace to around the 38% retracement level, however we should then see the price on the move once more, following the trend. Our low is around 1490 which is also our entry point and our next target around 1535.
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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.