#Gold (XAUUSD, $2,03...from henry mackline

15 Dec 2023, 15:10 · Views 369

#Gold (XAUUSD, $2,035) literally does not have any significant resistance at the moment. Just needs to hold recent gains. After a nice comeback, solid support comes at $2,000 - 2,025 level. I believe, gold is headed to $2,100 level, possibly next week.. #mytradingstory# #forextrading# #tradingskill# #ChinaPMIRecover#

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henry mackline

11 Posted · 72 Followers

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henry mackline

#Gold (XAUUSD, $1,991) possible next support comes around $1,980 at the upper band of the channel... https://chat.whatsapp.com/BgjE...

henry mackline

Senior #Gold Miners (GDX, $30.72) filled the gap yesterday and looks very bullish to me. Immediate 20% target around $37 - 38 level could be materialized very quickly... #Gold #GDX

henry mackline

#Gold and #silver were under pressure once the #Federal Reserve started jawboning with less likely accommodative policy last week. The Fed does not have room for further rate hikes or maintain them at the present level for too long on $34 trillion national debt, which keeps growing.

henry mackline

Fed would have continued jaw boning indirectly Precious Metals and propping up the dollar if not the troubled situation with the US Treasury Market. In the absence of a QE, Fed desperately needs investors to believe that rates cuts are coming so they create artificial demand for the US Treasuries, which lost around 50% since 2020…

henry mackline