Gold: Updates/ Predications

30 Tem 2023

Update: With the Fed hiking rates another 25 bps, I predicated that Gold would dropping from 1960 to about 1950-1940. Weekly low was 1942, then closed the week back around 1960 level.

Prediction:1950 support @ Psych level, Also nice bounce off Fid retracment level. I see Gold moving about 2000. If Pice decides to keep dropping I don't see Gold closing under 1930-1925.

Long Targets:
1970
1990
2010
2030

1 Ağu 2023

Not

Long Target Hit 1970

1 Ağu 2023

Not

If price breaks and closes below 1940 looking for price to test 1930-1925 levels.

5 Ağu 2023

Not

Price did break 1940 and price also tested the 1925 level witch is a strong fib retracment level on higher time frame