Beneficial returns of gold
Updated
Gold continues to trend higher, benefiting from a cooling US dollar and stable Fed interest rates. These two main factors act as powerful levers for the rapid rise in gold prices since the 1933 weakness of the US dollar.
Year-to-date, gold has gained nearly 500 pips in the past week and is approaching resistance at $1,996. To return to the 2010 USD peak, gold will need to maintain its current price stability. Strong support for gold will be at $1,990.
Year-to-date, gold has gained nearly 500 pips in the past week and is approaching resistance at $1,996. To return to the 2010 USD peak, gold will need to maintain its current price stability. Strong support for gold will be at $1,990.
Note
Please continue to follow XAU's direction, everyoneNote
Gold is running very slowly waiting for news tonightNote
We have PMI news tonightNote
Good news for USD, gold will fall sharplyNote
Gold continues to rise after PMI newsNote
Gold price increased the highest in the short term, the highest recorded price in 2018Note
SELL 2013TP: 2008
SL 2020
Note
running + 40 pipsNote
Hit TP1Note
SELL XAUUSD 2015-2017TP1 2008
TP2 2000
SL 2022
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.