Gold Outlook as of 19 feb 2021
The last time i wrote about gold, it was trading around 1830-1850$ an ounce, i wrote that gold is bearish in the medium term along with the detailed analysis what i was seeing, now i can see gold is exactly playing as per expected, By looking into the daily chart i can see the Bullish Gartley is forming up which will complete near 1675$ area. there we have the lower band of the bullish flag and a very majore trendline also, so until then gold looks bearish for short term and around 1650-1700$ any bullish confirmation will be a sign to go long for a long term up.
i would suggest to look for long opportunities near or below 1700$.
If any question, feel free to leave a comment.
i would suggest to look for long opportunities near or below 1700$.
If any question, feel free to leave a comment.
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