Gold seems to be facing strong resistance in the area it is in, so at this point in time it seems more logical to use the method towards targets as low as $ 1760 and even $ 1600, but when entering a resistance area with Purple has been shown to face strong support, and this could create a very high potential for gold to reach targets well above $ 2,000.
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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.