looking at gold long term the trend upwards can continue but I strongly believe it will retest the fibonacci level first before turning into a bullish pattern. gold has been up and down lately. but overall and long term I can see gold reaching 1610.00 area
GOLD- could see further bullish movemnet on gold, looking from a weekly time frame we have broke about our previous suppport zone, need to see this candle reject for the buy confrimation
still last corective wave c is missing at this chart and we are retesting weekly channel now which you can find at other idea so i really hope thats enough of this fake move without volume
Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a fiat currency system in which paper money doesn't have an implied backing with any physical form of monetization. AU is the code for Gold on the Periodic table of elements, and the price above is Gold quoted in US Dollars, which is the common yardstick for measuring the value of Gold across the world.
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