Gold could break to the upside here...
Updated
Gold has to break above $1485 in order to proceed higher. Catalysts could be the fed meeting today or the December 15th tariffs going into play. Either way we should see a strong rally following this breakout. Otherwise a breakdown would occur and I think this is less likely based on the buying action over the last couple of months and the increase in tensions between the US and China.
Note
Breakout confirmed. Merry Christmas!
Related publications
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.