As the trend is being confirmed, the price for GOLD/USD will face strong resistance around 2020-2030.
This is confirmed by:
1 - Strong support on the past, now a resistance, located around 2025
2 - Fibonacci levels on the down trend channel, indicating another target around 2026. (I performed an analysis on this one yesterday)
3 - Fibonacci levels on todays low, projected on its first clear correction after the up trend is confirmed, giving a target of 2020.
And considering all of that, this means:
nothing.
Joking. haha.
If we see a good increase on the volume we might break the resistances around this levels. If not, the price should reach the 2020 anyway, but not surpassing 2030, forming a new consolidation area.
This is confirmed by:
1 - Strong support on the past, now a resistance, located around 2025
2 - Fibonacci levels on the down trend channel, indicating another target around 2026. (I performed an analysis on this one yesterday)
3 - Fibonacci levels on todays low, projected on its first clear correction after the up trend is confirmed, giving a target of 2020.
And considering all of that, this means:
nothing.
Joking. haha.
If we see a good increase on the volume we might break the resistances around this levels. If not, the price should reach the 2020 anyway, but not surpassing 2030, forming a new consolidation area.
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.