I posted a long trade setup for GOLD at the $1,988.84 support line. There has been a nice bullish bounce off support, and the price has been trending up. $2,073.57 remains as a key resistance level on the way up, but GOLD is starting to slow down a bit here as well.
Previous Gold Trade Setup:
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URA has been trading within a range between $18.41 and $32.61. There is resistance at the red trendline, and URA continues to make more attempts to break through this $32.61 resistance level. I think there will be a bullish breakout eventually, for now I would monitor $32.61 for a breakout or continued rejections. Follow me […]
Read MoreSLV has formed a correction, and is approaching a $27.29 support level. I think $27.29 needs to hold otherwise SLV can trend down to the red trendline around $22.55. GOLD has been more bearish relative to SLV so I think there’s hope of $27.29 holding for now. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreGOLD has experienced a sharp selloff after the US election. Trump’s victory is causing market euphoria right now, and the markets are in a risk-on phase. Traders prefer to take risks with hopes of higher ROI in tech stocks and crypto. There is little interest in risk-off assets like gold and US bonds at the […]
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URA has been trading within a range between $18.41 and $32.61. There is resistance at the red trendline, and URA continues to make more attempts to break through this $32.61 resistance level. I think there will be a bullish breakout eventually, for now I would monitor $32.61 for a breakout or continued rejections. Follow me […]
Read MoreSLV has formed a correction, and is approaching a $27.29 support level. I think $27.29 needs to hold otherwise SLV can trend down to the red trendline around $22.55. GOLD has been more bearish relative to SLV so I think there’s hope of $27.29 holding for now. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreGOLD has experienced a sharp selloff after the US election. Trump’s victory is causing market euphoria right now, and the markets are in a risk-on phase. Traders prefer to take risks with hopes of higher ROI in tech stocks and crypto. There is little interest in risk-off assets like gold and US bonds at the […]
Read More