All you have to do is follow the trend, but what if there is no trend and an ongoing war? Is this a whole retracement on Daily Chart on a messy Weekly chart? or just the beginning of a bloody bearish? Well than we wait and see, lately Gold is seem to correlate more with oil than dxy which has been historically! My guess is if this is a uptrend and break 2000 and...
Gold might go again up to 2000 level to test it, we have to see how it reacts there, if it holds than 1950 downtrend is clear, otherwise 2000 and up will still shake this!
My guess is it will go to 1950 first since it is overbought alot fairly from the war
Tripple rejection would send Gold to 1930 and below! If this is the triple leg, than it's a probably Sell! Mind your own risk!
This is only my guess on Gold right now for the coming week
My view according to my last chart, Gold broke the triangle and apperantly with the help of war started, it broke uptrend, my guess it will continue to go up and make another higher high on long-term.
Close of the 1W triangle come's the right decision! My guess is Gold is going up
Gold is stuck on this level for now , but expected to go lower to 1760, and if it breaks it will go deep down more. Trend shows upward but haven't filled the gap totally!Let's see what NY will mess up!
DXY-Y.NYB on downtrend. but for now it will touch 91.500, if it breaks 91.700 than we're open for a uptrend.
Double bottom means Gold will go higher! NOT A FINANCIAL ADVICE, MIND YOUR OWN RISK!