Gold Bulls Beware of the Fake Out.
Definitely bullish on Gold, but if Gold keeps pushing up and breaks out on this swing up, then have to consider the likelihood of a strong reversal back into the range coming off the back of it.
Would prefer to see Gold retrace about now, and move back down into range. if it can get back down to around $1700 first, then I would hit the long on the break of $1725.
Would prefer to see Gold retrace about now, and move back down into range. if it can get back down to around $1700 first, then I would hit the long on the break of $1725.
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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.