Gold is setting up an upside continuation structure
As the Feds are doing excessive printing, Gold will be a hood hedge against inflation. There is an upside continuation structure, and the retracement is confirmed at 50% fib level. When the price breaks out of channel the trade will be triggered
Trade closed: stop reached
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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.