XAU/USD (GOLD) BUY 12-23-21
On the monthly timeframe Gold has created a cup and handle pattern.
The Dollar has increased in value because of positive economic data today, however over the next year the value of the dollar is expected to go down in value which will inversely cause gold to rise.
I am waiting for price to break out of the resistance area of this handle and go for about 700 pips.
On a standard lot of gold (1.00) that would be ($70,000)
The Dollar has increased in value because of positive economic data today, however over the next year the value of the dollar is expected to go down in value which will inversely cause gold to rise.
I am waiting for price to break out of the resistance area of this handle and go for about 700 pips.
On a standard lot of gold (1.00) that would be ($70,000)
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。