Gold prices broke through the consolidation phase on Monday and went higher, and continued to rise on Tuesday. The dollar and U.S. Treasury yields extended their correction ahead of key U.S. jobs data. The current situation has turned in favor of gold buyers. The further upward movement of gold prices has broken through $1,930/oz. It is possible to launch a new attack on the August 7 high of $1,947/oz.
Note
moving towards goalNote
Goal has been achievedNote
Goal has been achievedNote
as expectedNote
At present, gold has reached the 1915 position I expected before today, and it is starting to rebound at this stage.Note
Continued rebound
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.
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.