Back in the channel
What a night. Things are starting to heat up finally.
Here is a quick update on the USD gold charts. We seem to have found support on the secondary trend line from the last 2 lows in Jan and March. The 5 year down trend line now comes in at approx $1285. Can we bust through this time?
On the daily I’ve marked where I thought we could fall to based on the last 2 major lows at about $1160, but the Trump factor has just kicked in. We might get some resistance at $1285 but if not than it might be clear sky above to $1375.
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