Gold Spot / U.S. Dollar
Long
Updated

Gold: Trend continuance

124
Refer to chart for my outlook for the coming two weeks. I have uptrend till Aug 7-9. Most likely a last low will be printed on Monday.
Note
Price did a funny move - it went below 1417 - to 1415 and reversed higher. Well well well. Moves like that are warning signs - and made me question the polarity of the cycle. New work indicates that in fact gold will TOP 31st of July and then find its LOW 8/8.
Note
Misinterpret of July 31 move, so the original 1st target was met. But then.. Time isnt up yet, so it can still go higher although 1474 is strong resistance

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.