We were trading south of that 22000/OZ price during recent trade, pulling as low as 1975/oz. Again, upside moves witnessed follow FED outlook, a lot of the pairs we follow and trade revolve around the USD and thus a soft USD means ***USD climb higher.
Still focussed on that 22000/OZ support price, the D1 trend is still valid and pointing to the upside, hopefully a healthy correction from 1975 to 2040 sits us in that 2000 region for potential longs.
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.