02-04-2021 - Gold uptrend day
Traders,
We see an increasing devalue of DXY and Treasury Yields, which is phenomenal. However we might see a strong resistance at 1740 levels, before again going back and retest the next possible support at 1715 level.
From there see if prices go down we could again reach the 1680 levels before pulling back to the upside and retest 1715 resistance levels.
Personally: I would consider a sell at 1740 if prices don't break, and if it break first see if we don't have a fake breakout and buy the dip.
Like or comment if you agree, and if not please let me know happy and grateful to hear your feedbacks !
Regards,
Kevin
We see an increasing devalue of DXY and Treasury Yields, which is phenomenal. However we might see a strong resistance at 1740 levels, before again going back and retest the next possible support at 1715 level.
From there see if prices go down we could again reach the 1680 levels before pulling back to the upside and retest 1715 resistance levels.
Personally: I would consider a sell at 1740 if prices don't break, and if it break first see if we don't have a fake breakout and buy the dip.
Like or comment if you agree, and if not please let me know happy and grateful to hear your feedbacks !
Regards,
Kevin
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