Technical : Looks like a back test of previously broken ascending channel, furthermore it can be viewed as descending channel has been broken, so a retest is due
Fundamental : I guess gold already priced in an extreme response from trump on china, so when the announcement drops it would be a temporary spike to settle later with sell the facts
Either way, if daily closes above $1740, then buy stop hedge or cutting losses is the idea option
Fundamental : I guess gold already priced in an extreme response from trump on china, so when the announcement drops it would be a temporary spike to settle later with sell the facts
Either way, if daily closes above $1740, then buy stop hedge or cutting losses is the idea option
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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.