Gold retrace
I would expect Gold to make some moves to the 2046 area this week. Perhaps some scenarios we see are an exhaustion gap to open up the week followed buy a fall to get out the rest of the buyers in the market. Or perhaps just a move up to 22xx to get that psychological number printed before we fall. Anything can happen but I will be scaling any upside movement for sells to my target area previously mentioned.
The 2046 really sticks out to me as a first target. If prices come to my target, I will update a new chart for a new move.
The 2046 really sticks out to me as a first target. If prices come to my target, I will update a new chart for a new move.
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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.