As you see in monthly chart for XAUUSD, we have 12 years resistance.
I know how’s your feeling about breaking such a static trend line.
Well , why we expect this static trend line will break:
Fundamental( Covid-19 and new version- new policy from central Bank of USA- more and more demand in China and India- low risk investment- bearish market for crypto and …..)
Technical (the bigger pattern the stronger reversal)
Why I wrote long term investments, when you have an chart with 12 years resistance, it means you must keep minimum 4 years for maximum gain.
Gold target in coming years: $2500,$3000,$3500,$4000
It could be one of the best investment in your life.
I know how’s your feeling about breaking such a static trend line.
Well , why we expect this static trend line will break:
Fundamental( Covid-19 and new version- new policy from central Bank of USA- more and more demand in China and India- low risk investment- bearish market for crypto and …..)
Technical (the bigger pattern the stronger reversal)
Why I wrote long term investments, when you have an chart with 12 years resistance, it means you must keep minimum 4 years for maximum gain.
Gold target in coming years: $2500,$3000,$3500,$4000
It could be one of the best investment in your life.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.