LONG TERM BULLISH ON TRENDLINE SUPPORT

17 Mar 2021

After the 38,2% Fib Correction and the trendline retest, the bull run on gold can continue.

Remember cup of tea/2nd impulse is activated up to 2,500.

21 Mar 2021

Not

Last week gold performance was quite better than the last months. It held the support trend line and aiming higher.

1 Nis 2021

Not

In short term we've made a double bottom in 1677$, let's see if it respects it and if it is activated.

That means that if we break 1753$ we will break the downtrend and activate an objective up to 1834$.

This will match our scenario pretty well.

If this doesn't occur, we may see more downtrend until 1568$ at maximum low point. Which in my opinion will be an excellent opportunity to buy.

3 Nis 2021

Not

Trendlinde respected. We're close to activate that double bottom.

13 Nis 2021

Not

Double bottom activated, relative behaviour has improved

17 Nis 2021

Not

Nice behaviour this week. We are looking for 1835$