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Home Analysis

Gold heat map October 25, 2022

by chris
October 26, 2022
in Analysis
0
gold bars

Photo by Michael Steinberg on Pexels.com

I sometimes lay out my charts like the one you are looking at underneath. This is spot gold, and you will see a green box and a red one. The market breaking into the green box is a buy. If we get above $1660, I am buying and will be looking for a potential move to the $1680 level. However, if we fall and go into the red box, I will be selling gold, at $1650, and aiming for a move down to the $1625 level.

Gold heat map. 4 hour chart.

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