Gold (XAUUSD) has had a nice bull run but now is time to be a bit cautious. After making an ATH of $2956.13, price pulled back but since then, attempts to recapture the ATH and break out to the upside have failed. Recently price has been ranging in a tight space as shown in my H4 chart.
In my opinion, Gold has 50-50 chance of heading lower. I am not saying that gold will not go higher, just that I would not like to be caught on the wrong side of the market. Caution advised.
In my opinion, Gold has 50-50 chance of heading lower. I am not saying that gold will not go higher, just that I would not like to be caught on the wrong side of the market. Caution advised.
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.