Hey guys,
I’ve been looking at gold for some time and took trades in between so I thought I’d share what I’m looking at with you.
So technically speaking gold is in a range [since making the low @ 1975.895] but looking at the overall move since the new high we are bearish.
A CPI induced rejection of the resistance level 1993.518 leads me to believe we could be heading to support level 1975.487.
Depending on what happens @ 10AM NY local time tomorrow I will be looking to short into that level from 1989.282 - 1986.957 anything above 1991.314 invalidates my short idea and I will recalculate
Analyzed by Austin Palmer for APFX Trading
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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.