What an incredible bull run gold has had the past year.
Gold has not fallen back into its previous $160 range since November 13th 2023.
In saying that Gold is now at the bottom of the HTF range.
At such an important level gold would collapse if it was to fall back into the previous range. Stay alert :)
On a positive view this could be a retest that sees gold continue from here up to the range high of 2774.
Gold has not fallen back into its previous $160 range since November 13th 2023.
In saying that Gold is now at the bottom of the HTF range.
At such an important level gold would collapse if it was to fall back into the previous range. Stay alert :)
On a positive view this could be a retest that sees gold continue from here up to the range high of 2774.
Note
Candle View Note
The Ranges continue to hold pattern with no candle closes below into the previous range. Note
Mid range reached on the HTF... 2774 is on track!Note
After some minor profit taking this week gold is still on track to complete its full HTF Swing range with a target of 2775 and wicks on the HTF up to 2800 expected.
The 2775 level will be a crucial point for gold where price rejecting an advance into the range above could see it heading back towards the 2614 area.
However if price successfully gets a weekly close above the 2775 level it will enter a new price range of 2775-2935
Note
Great Success now as above watching where the weekly closes can give some great clues if we advance into the next range or hold this one for now and start some retracements .
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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.