Mr-Trader

Mr-Trader

Bearish Flag setup

Mr-Trader

We have a triangle pattern and a descending channel if the prices breaks below 1894 we may see a price correction to levels close to 1817 if the prices breaks above 1930 we may see a price uptrend to levels close to 2100 Fundamentally , in the medium and long term GOLD is BULLISH

Mr-Trader

A possible scenario

Mr-Trader Updated 

All possible scenarios

Mr-Trader Updated 

Technical and fundamental analysis indicate that gold will witness an uptrend. Technically, you can see we are in an uptrend channel since Mar 2020 . We hit the bottom of the channel recently few times on Sep and Oct 7th. Now I believe Gold will resume its medium term uptrend towards 2100 or higher and what confirms that is the MACD crossover intersection which...