GOLD Breakout
LONG bias, daily
Gold recently found support at its 13, 20, & 50 SMA before ripping from $1720 to $1740. Currently resting near recent highs.
Given SMA support, STRONG fundamental sipport (monetary debasement) and consistent accumulation above 1680 going back to April 9th, GOLD looks ready to breakout.
50% Target. next VPOC, +$20. 1:1 stop
Gold recently found support at its 13, 20, & 50 SMA before ripping from $1720 to $1740. Currently resting near recent highs.
Given SMA support, STRONG fundamental sipport (monetary debasement) and consistent accumulation above 1680 going back to April 9th, GOLD looks ready to breakout.
50% Target. next VPOC, +$20. 1:1 stop
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.