GOLD 0.51% $1,391.7 gold futures

gold, page-102195

  1. 43,299 Posts.
    lightbulb Created with Sketch. 1025
    gold.png

    1H chart where price was seeking those stops and the level where it recovered and needs to hold ($1772). Unfortunately the momentum is shifting to the downside from a LLLH perspective. Interesting to note that Oz gold stock traders have a better handle of what to expect going into NY as the sector is being bought up. Another frustrating wait for the potential breakout, just need some economic triggers, not sure if a bond yield spike = inflation confirmation will push prices up.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.