Gold saw profit taking since the second week of Jan bringing to 61.8% to find support and on top of resistance of previous resistance. From here we are expecting some inflationary hedging to take place as well towards the upside towards 1900
Midterm forecast: While the price is above the support 1762.05, resumption of uptrend is expected. We make sure when the resistance at 1902.60 breaks. If the support at 1762.05 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough...
Midterm forecast: While the price is above the support 1762.05, resumption of uptrend is expected. We make sure when the resistance at 1902.60 breaks. If the support at 1762.05 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough...
Midterm forecast: While the price is above the support 1762.05, resumption of uptrend is expected. We make sure when the resistance at 1902.60 breaks. If the support at 1762.05 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough...
Midterm forecast: While the price is above the support 1762.05, resumption of uptrend is expected. We make sure when the resistance at 1902.60 breaks. If the support at 1762.05 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough...
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (1896). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . Gold/Dollar is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (1896). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . Gold/Dollar is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
technical gold should move up now
Midterm forecast: While the price is above the support 1762.05, resumption of uptrend is expected. We make sure when the resistance at 1902.60 breaks. If the support at 1762.05 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI resistance #1 at 62 is not broken, the probability of price increase would...
Midterm forecast: While the price is above the support 1762.05, resumption of uptrend is expected. We make sure when the resistance at 1902.60 breaks. If the support at 1762.05 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI resistance #1 at 62 is not broken, the probability of price increase would...
BTG is a great gold mining company with lately surprising earnings, etc. Amazing company as we head on to the future. $10 price target by sometime next year. If we get a gold halidays rally then BTG will definitely take off quicker than expected. Patience ;)
Looking at the Gold chart, over the last few months we've seen sideways action that led to a descending triangle pushing price down through the previous all-time high. Looking closely at the weekly chart, we see hidden bullish divergence and the price has come down to a local support area. Both Gold & Silver are showing signs of a possible reversal, we wait...
Midterm forecast: While the price is above the support 1764.25, resumption of uptrend is expected. We make sure when the resistance at 1875.15 breaks. If the support at 1764.25 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI resistance #1 at 62 is not broken, the probability of price increase would...
Midterm forecast: While the price is above the support 1764.25, resumption of uptrend is expected. We make sure when the resistance at 1875.15 breaks. If the support at 1764.25 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI resistance #1 at 62 is not broken, the probability of price increase would...
GOLD IS FACING S&R Area waiting for confirmation to take sell trade
If we connect close prices we can see XauUsd has found support. However, Gold can do another low before rallying up. $1750-60 should be a support zone.
Midterm forecast: While the price is above the support 1747.50, resumption of uptrend is expected. We make sure when the resistance at 1848.75 breaks. If the support at 1747.50 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI resistance #1 at 62 is not broken, the probability of price increase would...