If the volume decrease, a new neutral channel between 1480$ - 1535% (average volatility ~= 3.6%) will be expected.
If market face more demands, that leads to a steady or increasing volumes, Gold will reaches its long-term price goals sooner.
If market face more demands, that leads to a steady or increasing volumes, Gold will reaches its long-term price goals sooner.
Note
* 1480$ - 1535$Trade active
another move from 1495$ to 1528$ (this moment)...Note
ready to fall below this trend? decreasing demand say so...Note
Here we see sign of a correction again down to this channel's low:
As always note HIGH RISK here!
Note
Okidoki!Here we got almost a neutral trend, longing 1M & 20D. So the analysis was for very short term and now its time is up and we should see what is new information interpretation now.
Let ask why is that? we had two steep trend between trend shifts (uptrends) and the was very shorter. The reason is mixed signals from global economy now. We are in a situation that even CBs are reluctant to fully intervene, specially FED that has a debate with Trump about the rates.
Probably the downward moves gonna continue till c point in above chart, but global economy issues like the war aren't short and major trend is still positive.
Note
The trend shifts that I mentioned on previous comment is shown in this post poblished some times ago...
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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.