XAUUSD Hints at Next Leg Higher for Gold and Miners Alike | Metals Mine

  • XAUUSD Hints at Next Leg Higher for Gold and Miners Alike

    From dailypriceaction.com

    XAUUSD (gold) looks ready to break higher. The sideways consolidation since topping out in August is indicative of another leg higher. This is a local top, not a cyclical one. Of course, that’s just my opinion, but XAUUSD is holding up incredibly well, considering it was trading at $1,450 just seven months ago. Even the daily time frame continues to look bullish. The biggest challenge with XAUUSD, or any spot metal, is that US traders are banned from trading it. Yes, that includes me. However, one of my favorite ways to play gold strength is via the gold miners. More specifically, the junior miners. I like the ... (full story)

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Trader#86E7
Oct 19, 2020 12:40pm
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So we should ignore the fact that 1933.16 (Alpari data) is not an immediate cap high and that the variable downward bound toward 1848.73 (Alpari data) or what?

The Crow (-_-)

C.O.G
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