Folks, those who are waiting for the gold to run higher again, please be patient. The uptrend for the GOLD remains very strong, but mid-term has been in distribution for the last couple of weeks, the blue line shows weekly support if there's a correction to proceed deeper, but current daily support at $3900ish area is keeping fine, if that level is broken it may touch the blue line.
In general, GOLD remains very strong in long-term run.
In general, GOLD remains very strong in long-term run.
Note
P.S.There are many other indicators that are being used for this TA, the above snapshot is only an example.
Note
Moreover, I've been doing technical analysis for quite a while, and I'm neither bullish nor bearish, I'm a swing trader who likes TA. And as you should know - always make your own choices.
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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.