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JabraD

15,516 Posts.

1283

28/11/21

15:23

Post #: 57915228
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Originally posted by AverageJoe: ↑

$1680 circa is the triple bottom, break that and close below from a daily TF onwards and it is over for gold up trend. $1750 has some technical support but I am still looking to see if that ST TL will hold, not many dollars below current level.

It will now depend how panicky the financial markets will continue to react to this Omicron variant. I am not into this prediction game, just simply looking at the technical and macro evidence to support my views but in the middle of a fear triggered from another potential lockdown, randomness is a coin flip.

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lol fake breakdown. Anyway I wouldn’t touch gold to mid next year. Just my opinion
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0 Great analysis

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