Gold Spot / U.S. Dollar
Updated

XAUUSD In 2024; Long Or Short (Or Both)?

627
Hey traders,

After the recent rally on gold to new ATH's, we can judge what to do on falls to early support, or rises to former resistance.

Eyes are now on the FED as we approach inflation data and other key news. Some hints have already come, but 2024 is set to be a year of changes.

Watch for more.
Note
Longs circa 2012
Note
Looking long as we approach 2015
Note
Lock in gains.
Note
Re shorts much higher.
Note
*light re shorts.
Note
Exit for intraday gains short.
Note
Looking short @ 2056.
Note
Still looking re-short same area^
Note
Looking short on 5m Reaction.
Note
Lock in short gains. Longs much lower.
Note
Entries ideal 2010.
Note
No further until far lower (if you end up there).
Note
Light shorts.
Note
Lock in gains.

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.