Golden Love
Gold and I have a bittersweet relationship, but i can admit, I'm getting better.
Here she looks as if she is taking a nice pull back for a Break & Retest. With new highs being made I'm even more intrigued.
There does seem to also be a channel break. With gold having an indirect relation to the dollar a bullish run looks like its setting up.
THE ONLY thing that makes me think a bearish move may show its face is for momentum. On a macro gold has been bullish for some time.
We shall see.
Here she looks as if she is taking a nice pull back for a Break & Retest. With new highs being made I'm even more intrigued.
There does seem to also be a channel break. With gold having an indirect relation to the dollar a bullish run looks like its setting up.
THE ONLY thing that makes me think a bearish move may show its face is for momentum. On a macro gold has been bullish for some time.
We shall see.
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.