Gold’s still technically trending up, but momentum is fading with failed attempts to push into new all-time highs. This setup explores two potential plays: one conservative and one aggressive. Both anticipate a move down toward the lower boundary of the current range before buyers step in. Whether we bounce off the base or push higher for a breakout attempt, the key thesis is that at least one range structure holds. Tactical trades with defined risk, waiting for the market to tip its hand.
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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.