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#goldbreaksoutfromjanuarydowntrend
Gold is finally breaking free from that depressing January downtrend! 🚀 Sure, it hit its massive ATH back in late January/February, but it's been a long slide since. Now, the yellow metal is flexing, yet it's still sweating to break above the crucial $4300 and $4400 resistance walls.
With oil spiking and the Fed's rate path looking messier than my room, what’s a trader to do? Do we chase the breakout or wait for China’s central bank to scoop up more bags in HK? Time to sit back, watch the charts, and chill.
Not financial advice. Newbies, use code VINHTOCDO for speedy luck!
#GoldEdgesLower #FedRatePath #GoldBreakout #VINHTOCDO
$XAUT
$XAU
$PAXG
Gold is finally breaking free from that depressing January downtrend! 🚀 Sure, it hit its massive ATH back in late January/February, but it's been a long slide since. Now, the yellow metal is flexing, yet it's still sweating to break above the crucial $4300 and $4400 resistance walls.
With oil spiking and the Fed's rate path looking messier than my room, what’s a trader to do? Do we chase the breakout or wait for China’s central bank to scoop up more bags in HK? Time to sit back, watch the charts, and chill.
Not financial advice. Newbies, use code VINHTOCDO for speedy luck!
#GoldEdgesLower #FedRatePath #GoldBreakout #VINHTOCDO
$XAUT
$XAU
$PAXG
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