Gold (XAUUSD)Long
Gold - Too Late to Go Long?
The gold rally is unstoppable. Now is the time to jump in and ride along on the way to the inevitable USD 3000 mark?
Caution is advised here: The OBV shows clear bearish divergences. We are by no means pessimistic about gold, but consider it too late to go long at the moment.
We have therefore drawn two buy zones in the chart. The price should stabilize at these levels after a possible interim correction and make a run at new highs.
Caution is advised here: The OBV shows clear bearish divergences. We are by no means pessimistic about gold, but consider it too late to go long at the moment.
We have therefore drawn two buy zones in the chart. The price should stabilize at these levels after a possible interim correction and make a run at new highs.
Note
There we are. Faster than expected.
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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.
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.