After a very high rise in gold prices during the coronavirus period, it could lose some points even with the rise of the last period of the markets. The VIX has been down quite a bit since the start of the pandemic, and now it could hit gold to hit 1750.
From the point of technical analysis there is a break of the trendline (1), with subsequent retest on the MM50 periods (2), with fibonacci retracement at 0.382. The probable extension could also reach 0.618 by breaking the low (3).
What do you think?
From the point of technical analysis there is a break of the trendline (1), with subsequent retest on the MM50 periods (2), with fibonacci retracement at 0.382. The probable extension could also reach 0.618 by breaking the low (3).
What do you think?