Gold Breakout continuation
Gold has broken out the 4 hr and daily timeframes. We are sitting on a major level of support heading into a new year as well as a new president being inagaurated. As long as gold holds this level of support Id like to see price break the 2700 level. There's a lot of volatility entering the market so I wouldn't be surprised if we restest the 50% Retracement level on the fib from Fridays NFP. I would look for opportunities of a continuation or retracement to buy. Im bullish on Gold 2025.
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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.