Gold on a meaningful short-term retracement within bull channel
Short term short. Looking for support around the bottom of the pitchfork formation @ ~ 1237. Then, a rebound to the median line parallel. From there, we'll see.
For the moment dollar strength seems to be confirmed, possibly sparked by the recent hawkish fed comments scattered in the news. Looking for today's high risk economic news to confirm dollar strength or crush it.
For the moment dollar strength seems to be confirmed, possibly sparked by the recent hawkish fed comments scattered in the news. Looking for today's high risk economic news to confirm dollar strength or crush it.
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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.