I keep asking you for a chance!

-Gold has been suffering from a correction that was to be expected.

-After all, more than once it sought the historic top formed in the price region of 2075 (08/07/2020) and was unable to break through.

- Let's be more precise. We have three tops. These tops are descending. And they have the following values: 2075 - 2070 - 2067.
snapshot

-And do you know what that means? I will tell you now. It doesn't mean anything, because I put these values ​​only to appear in the text! Or not? (lol)

-But let's get down to business.

-We have the asset about to form a bearish pivot on the monthly chart according to the SETUP used, but only if there is a loss of the 1894 region.
snapshot

-We know that trends are more relevant when they are found on long-term (monthly) charts.

-Based on SETUP, I venture to say that we have two interesting support points for the asset at the moment, and as said, only if there is a loss of the informed region, and they are: 1806 and 1678.

-If prices respect the last region (1678), I might consider interpreting this correction as the possibility of forming a huge 'CUP and HANDLE', in which your price projection is the region of 2675, which will represent a nice upside .

-It is worth reading this analysis about gold!
God saves the world. Does Gold Save the Economy?


-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop Loss!
-See other graphic reviews below!
Beyond Technical AnalysisChart PatternsimagraphistTrend Analysis

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