TA is telling us that gold us about to hit a major support from which it could bounce up. Assuming no tariffs rollback USD should weaken after Dec 15, which would align perfectly for gold going up during the week starting Dec 16.
Valid entries are either the major support around 1455, or if it goes up before that we could look at another entry after it breaks the resistance around 1462.5. Target profit is 1491.5.
Valid entries are either the major support around 1455, or if it goes up before that we could look at another entry after it breaks the resistance around 1462.5. Target profit is 1491.5.
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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.