Gold has dropped to just above the $1300 threshold once again - This time in conjunction with the Daily 200 EMA. We could see a nice move up however it may be limited to the 38.2 where it would meet a potential Trend-line break (Retest) before continuing down, on the Flip side of that, the push from the EMA could push it through the Supply at the top for a Long Term Hold.
Price Action is Mandatory as the USD is very strong right now and it could easily push below.
Price Action is Mandatory as the USD is very strong right now and it could easily push below.
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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.