GOLD chart, LONG TERM TREND BULLISH
Updated
Takeaways from this:
- No outright breakout formation
- However, Indicators on 2D, 4D, W timeframe are all very bullish:
- Stochastic indicates we are currently at a local bottom for prices long term
- MACD histogram appears to be at peak selling on longterm timeframes
- RSI has plenty of room for upward movement
- I expect the price to break the white triangle in the coming weeks we will push $2000 per OZ again
If I was heading down to CASH4GOLD to sell my unwanted jewellery, it would be in the next 2 weeks...
- No outright breakout formation
- However, Indicators on 2D, 4D, W timeframe are all very bullish:
- Stochastic indicates we are currently at a local bottom for prices long term
- MACD histogram appears to be at peak selling on longterm timeframes
- RSI has plenty of room for upward movement
- I expect the price to break the white triangle in the coming weeks we will push $2000 per OZ again
If I was heading down to CASH4GOLD to sell my unwanted jewellery, it would be in the next 2 weeks...
Note
I think in the coming weeks, you may get gold for around 1700 an Oz or below. At this price I will add to my long positions and trade the breakout.
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