Hello Traders!
New Post for Gold . Shot to 3000$. Yes right. As we can see on the higher timeframes an big upmove is expected. On the monthly we had some nice retracements. On the weekly/daily we got a nice triangle. This Triangle Pattern is considered as bullish continuation pattern. Once we can see a clear break and retest of the structure level then we can expect that big move to come.
Monthly:
On the monthly we can see that the price broke previous Resistance and right now we are retesting it.
DXY:
Outlook is still short. Therefore Gold is more value.
Fundamental:
The fundamentals concerning the Corona Virus are still bad. They are even worse. A lot of specialist are expecting wave 2 in Corona. This will let Gold explode to 3k $
New Post for Gold . Shot to 3000$. Yes right. As we can see on the higher timeframes an big upmove is expected. On the monthly we had some nice retracements. On the weekly/daily we got a nice triangle. This Triangle Pattern is considered as bullish continuation pattern. Once we can see a clear break and retest of the structure level then we can expect that big move to come.
Monthly:
On the monthly we can see that the price broke previous Resistance and right now we are retesting it.
DXY:
Outlook is still short. Therefore Gold is more value.
Fundamental:
The fundamentals concerning the Corona Virus are still bad. They are even worse. A lot of specialist are expecting wave 2 in Corona. This will let Gold explode to 3k $