Gold Aims for a Breakout!
Gold has staged a robust recovery from the 200-day moving average (200dma) earlier this month. The 200dma also aligns with a 38% retracement level of the October range, serving as a key support. Given the shallow retracement and the fact that the gold market is trading reminiscent of 2010 (where price speculators may be eyeing a specific $2,000 level), the risk appears to be skewed towards an extended 127% expansion by 2035, followed by a 161% expansion by 2064.
Gold has staged a robust recovery from the 200-day moving average (200dma) earlier this month. The 200dma also aligns with a 38% retracement level of the October range, serving as a key support. Given the shallow retracement and the fact that the gold market is trading reminiscent of 2010 (where price speculators may be eyeing a specific $2,000 level), the risk appears to be skewed towards an extended 127% expansion by 2035, followed by a 161% expansion by 2064.
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.