The Gold chart is currently trending upwards, with a strong support zone between $2,300 and $2,980. Our last target for this trend is in the range of $2,550 to $2,570. While there have been several smaller waves within this uptrend, I am waiting for the price to reach the final target before considering a long position. My entry for a long position in gold is at $2,300, with a stop loss set at $2,275.
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.