Gold needs to find support and soon
Spot Gold has been hurt by a run higher into the USD and buyers will need to hold some support soon. We are watching the 1868 zone to see if buyers react and start a squeeze on sellers for a run up. The latest trend is down and momentum may be enough to push price even lower which would open up a move down to 1794. We expect to see a reaction around 1868 although only time will tell whether a higher low will stick for a buying opportunity and for recent sellers to be squeezed back out of the action.
-------------------------------------------------------------
WE TRADE WHAT WE TEACH
Check out our recent Live Streams from our profile page!!
-------------------------------------------------------------
** If you enjoy our free content, please support and follow our profile, by hitting the Follow button to get further high quality ideas. **
** If you are following our ideas any comments and likes are most welcome and will be greatly appreciated **
** With quality alerts and correct Risk Management, you can learn consistency and grow your account **
** With quality portfolio management and defined risk levels to help your account grow and achieve steady profit targets while increasing your trading edge. **
-------------------------------------------------------------
WE TRADE WHAT WE TEACH
Check out our recent Live Streams from our profile page!!
-------------------------------------------------------------
** If you enjoy our free content, please support and follow our profile, by hitting the Follow button to get further high quality ideas. **
** If you are following our ideas any comments and likes are most welcome and will be greatly appreciated **
** With quality alerts and correct Risk Management, you can learn consistency and grow your account **
** With quality portfolio management and defined risk levels to help your account grow and achieve steady profit targets while increasing your trading edge. **
Related publications
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.