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 :)
Nota
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)
Nota
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.
Nota
Potential Resistance on inflation-cleaned Gold Chart.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.