Gold is distributive and reaches the resistance of 1998. Long-term retest (about a year) could trigger a bounce of the price down after a false breakdown
The trend on the chart is strong. Gold has clearly increased interest in the market after a number of fundamentals, mostly related to the US banking crisis.
I'm expecting a small pullback, maybe around 1980 or 1966, but in the mid-term the growth will continue.
Since we have a strong trend and vraed-ly a false break will give a strong reaction against the strong trend, so I expect a bounce upwards from 1980 (1966). The medium-term targets are 2010, 2020 and 2050.
Regards R. Linda!
The trend on the chart is strong. Gold has clearly increased interest in the market after a number of fundamentals, mostly related to the US banking crisis.
I'm expecting a small pullback, maybe around 1980 or 1966, but in the mid-term the growth will continue.
Since we have a strong trend and vraed-ly a false break will give a strong reaction against the strong trend, so I expect a bounce upwards from 1980 (1966). The medium-term targets are 2010, 2020 and 2050.
Regards R. Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
Related publications
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.