Hello, Gold did already test the upper big support zone but not the lower range of it.
I think we will see another test, this time to the lower support range ~900USD.
Currently we see Gold trading in a undecisive sideway range and we should soon break out which i expect to do so to the downside.
DYOR and please leave a like if you liked this :)
I think we will see another test, this time to the lower support range ~900USD.
Currently we see Gold trading in a undecisive sideway range and we should soon break out which i expect to do so to the downside.
DYOR and please leave a like if you liked this :)
Not
catalysts for this setup:- booming stock market with better Return of Investment
- sinking demand/rising supply for gold since 2011 ( gold.org/goldhub/data/gold-supply-and-demand-statistics )
- Potential Competition from Bitcoin as Store of Value (personaly skeptic of this)
Not
with sp500 recently going into a correction, gold may go up shortterm.There could be one more stop loss hunt in this area. Im going short in red zone.
Not
Potential Resistance on inflation-cleaned Gold Chart.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.