Gold Spot / U.S. Dollar
Long
Updated

Gold breaking long term trend

90
While the US30 and the US100 are continuing their moves down, gold is trying hard to break its 460 day trend. I think if we manage to break the trend and stabilize above it, we're going to have a big move up, and I think we should anticipate a worldwide event XAUUSD.
Note
The last time something like this happened, the US assassinated Iran's top general Qasem Soleimani and as a retaliation Iran attacked an American base in Iraq. Gold skyrocketed 1000 pips from 1 week before the event and until a couple of weeks afterward.

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.