Good day everyone. Earlier this week Gold finally broke out of the channel so we entered the selling. As you can see the 1755 zone is really hard to break due to the lack of momentum. For this reason, we expect a pullback for gold around 1772 before breaking that zone.
Note
Another way to see it!
Trade active
With the Feds comments, we are going for the second scenario!
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Related publications
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.