GOLD
1. Gold price broke above monthly downward trendline from 2011 and retest it, also below has multi years upward support trendlinefrom 2001, once monthly close above previous lower high $1377.5 will confirm monthly uptrend, bases on channel projection, target may above $7000.
2. Gold retrace 50% of 2001-2011 price movement, and retest previous ATH at $1037.5
3. Monthly 7MA is pointing upward with candlestick pattern confirm 7MA as support
4. MACD is above 0 confirm potential uptrend
Conclusion: as long as price hold above Dec low of 2017, price is likely continue upward, once monthly close above previous lower high at $1377.5, monthly uptrend will be confirmed. For years of invest strategies, hold some gold.
Accept Tips
BTC: 13vWsgZMsNsjR37HoyVpLnLTwPFYQv7HHG
LTC: LTk1vhxgg7up7ouRf8WNgoFFq2VJptmCA4
DOGE: DKT6Mvqyhqn6GbkVCS8hRLoobQ7e38MMNd
1. Gold price broke above monthly downward trendline from 2011 and retest it, also below has multi years upward support trendlinefrom 2001, once monthly close above previous lower high $1377.5 will confirm monthly uptrend, bases on channel projection, target may above $7000.
2. Gold retrace 50% of 2001-2011 price movement, and retest previous ATH at $1037.5
3. Monthly 7MA is pointing upward with candlestick pattern confirm 7MA as support
4. MACD is above 0 confirm potential uptrend
Conclusion: as long as price hold above Dec low of 2017, price is likely continue upward, once monthly close above previous lower high at $1377.5, monthly uptrend will be confirmed. For years of invest strategies, hold some gold.
Accept Tips
BTC: 13vWsgZMsNsjR37HoyVpLnLTwPFYQv7HHG
LTC: LTk1vhxgg7up7ouRf8WNgoFFq2VJptmCA4
DOGE: DKT6Mvqyhqn6GbkVCS8hRLoobQ7e38MMNd
Comment:
Monthly screenshot
