GOLD (Prj.Y19.P2.E1).Downtrend.
There is TA and there is the Global Market.
It seems those central banks are stocking up on Gold stealthily and probably have obtain enough gold for the time being.
Who knows what their 6 months plans. Having said that, here is TA based on some key fib.levels, etc.
Downtrend heading for the Daily 200 EMA.
0.5 or 0.618 fib retracement will play a key role. Just like BTC, the golden zone, 06.18 is to be watched.
If you been watching Bitcoin, this chart looks very similar in terms of the top and its decent to the middle level where BTC burst back up (at the 0.618 level)>
It seems those central banks are stocking up on Gold stealthily and probably have obtain enough gold for the time being.
Who knows what their 6 months plans. Having said that, here is TA based on some key fib.levels, etc.
Downtrend heading for the Daily 200 EMA.
0.5 or 0.618 fib retracement will play a key role. Just like BTC, the golden zone, 06.18 is to be watched.
If you been watching Bitcoin, this chart looks very similar in terms of the top and its decent to the middle level where BTC burst back up (at the 0.618 level)>
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Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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