Gold Skyrockets to Fresh Record Highs
Gold skyrocketed 🚀o/n to a fresh record closing high of $2558 (1.87%), kicking into gear after the ECB cut rates by 25bp.
In our Gold post last week we noted that while it held above $2470 and continued to coil below $2530 it could extend gains towards $2550.
Now that it's above $2550, providing it holds above a layer of s/t support at $2530/20 (sustained basis), the rally can extend towards $2650.
In our Gold post last week we noted that while it held above $2470 and continued to coil below $2530 it could extend gains towards $2550.
Now that it's above $2550, providing it holds above a layer of s/t support at $2530/20 (sustained basis), the rally can extend towards $2650.
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.