handikaferdy

handikaferdy

Let's see how strong is US 10 yield effect on gold. This forecast using head and shoulders lattern.

handikaferdy

Strongly rejected at 1805, now bounce at 1850, failed to continue bearish. Stimulus hope would bring gold to 1894 (TP1) or 1900 as the golden ratio (TP2). Stoploss: 1850.

handikaferdy

Gold would get bull power on low area, see my chart planning.

handikaferdy

Gold forecast on 2020 US election. It would fly to 1912, starts from 1850 (Nov 3rd), then roll down to 1818. If Joe Biden wins, then gold would go to the moon.

handikaferdy

Bullish divergence on M5, M15, M30 & H1.

handikaferdy

Possibility jump to 1911 then slide down again until fresh bottom.

handikaferdy

Gold is under pressure. Today DXY opened with gap up, it might close first before it running up, then make gold fall nicely.

handikaferdy

The last wave that was supposed to be ideal for the upward direction has failed (created a false breakout), so the next plan is to continue down with target at 1870. Trade wisely!

handikaferdy

Gold seems like to continue to rise by repeating wedge for collecting bull power. 1948 is middle point of big triangle, and it would be the comfort zone.

handikaferdy

It is like going to repeat the previous bullish wedge pattern. Resistance 1912 will be the gateway to break through to climb to 1945, and if the dollar gets weaker then gold will taste the beauty of the 1960 peaks, then limp until 1913. Anyway, the vote for Biden still ahead of Trump.

handikaferdy

Short term bull to 1904 ~ 1909

handikaferdy

Finalize unbeatable correction of last 2 weeks fall down. 2nd up was same high as 1st up, so I hope next week should be overbought and get reverse. Drop - Rising Wedge - Unbeatable Rally? Just looking for sell moment by down breakout and or bearish divergence.

handikaferdy

Get ready to sell gold.

handikaferdy

Long for correction with target minimum at 1890.