Current view on GOLD - that's how I think it will continue

7 Mac 2019

My current assessment of GOLD - that's how I think it will continue. The chart says it all.
This is just to share my current view. It is not a trade recommendation. Always use your own mind to decide for yourself.
Take care.

20 Apr 2019

Nota

Update 20-Apr-2019: A possibility

27 Apr 2019

Nota

My advice for Gold outlook short-term would be to watch tradingview.com/chart/?symbol=FX_IDC:USDCNY very closely.
If USD goes under 6.7 CNY, Gold will take off. Just my opinion.

So far, the fact that Gold did not go significantly below the $1275 mark was, in my view, very important, and testified to several strong long-term supports that exist on this level.
IMHO, should it want to test $1255 short-term again, it will most likely rebound. And once it rises above $1288-$1290 it will just take off and fly so fast you can not look. Because: Wave 2, which started on February 20, would be completed - Wave 3 commences...

17 Mei 2019

Nota

27 Mei 2019

Nota

Attention! USD/CNY seems to be rolling over.
The last time this happened was in August 2018 after which the Gold price surged.

31 Mei 2019

Nota

Gold is taking its time. That's ok, after all it's Gold, not something else.
Strong upward trend is unbroken. Maybe just one more correction before taking off:


Possible targets:

Short-term: $1,305
Mid-term: $1,341
Long-term: $1,445

31 Mei 2019

Nota

Short-term target $1,305 reached:

13 Jun 2019

Nota

ADX shows the presence of a strong uptrend

8 Ogo 2019

Nota

Gold price has been transforming in a way that is highly interesting.
What is the next target? $1,640 then on to $2,000?