Long term view on GOLD

We can see clearly the pattern unfolding on gold we have 2 main patterns that are clear on the chart we are seeing the trendline from down that initiated the latest move it needs retesting, gold is completing the move to prepare for the pullback 2385- 2395 is the zone that we see the reversal from and the initiation of the move down POI is 2220 and then 2150 area for a retest and then attempt a new high.

expecting for gold to go down during summer then a move up as we approach October since we will have the elections in the United states and all the tension that will result from the heated rivalry between Trump & Biden.

should we pass 2420 and close daily above that level the Idea will be invalid.

#gold #swing #swingTrades