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gold mofos!!

We are adding gold to our selection of daily technicals. This is a great product, and you may find some good trading opportunities today. Since mid May, gold has been ranging, after a huge rally beginning mid March. It is holding strong to a POC which coincides with a Fibonacci level at about 1737. It seems like this level will provide resistance at this point, so watch for gold to test the range and feel out 1723, another Fibonacci level. The Kovach Momentum indicators confirm the ranging.

gold ranging

After gold rallied in March, it has been maintaining levels. A range trading strategy would be best for now.

2 Comments
  1. Hope 4 weeks ago

    Great analysis on GC ! Was able to trade

    • admin 2 weeks ago

      Thank you we love having feedback like this

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