I show you here the complete history of gold since1980 till 2020. After a long calm market, the gold (known as a safe investment when the inflation comes) began an uptrend behavior since the crisis showed up. Today with historical highs, The Fibonacci extension shows a possibility that gold could continue till 2223.3, we need to focus on volumes because a...
THE GOLD WILL KEEP GOING DOWN AND TOUCH THE ORANGE LINE
The gold broke the last historical high 61.8% level of Fibonacci extension (weekly chart). The next target is 78.6% Fibonacci Level. However, I believe that there will be a correction because of the sharp uptrend on the daily chart, but it won't affect the increasing behavior.
It has been suggested that markets are telling the US government to stop spending. One thing is for sure this is a heck of a ramp - any one out there have idea when this finally reverses? COMEX:SI1!
Quite sketchy, but I reckon there's a possibility of forming a bullish pennant. This analysis fails if it can break out and close above the 1981 zones. Catalyst USD: - Goods Trade Balance -70.6B - Prelim Wholesale Inventories m/m -2.0% - Pending Home Sales m/m 16.6% - Crude Oil Inventories -10.6M - Federal Funds Rate <0.25% I sent these charts below to...
The gold (known as a safe investment) is now likely to reach 2016.1 level and depending on volumes, it could reach 2275.7 level (of Fibonacci)
the market might reach or approach 2162 if the gold continues the same way (speculative bubble) after breaking the resistance I showed. However, a bumping into the 1933.1 line and decreasing is still expectable. Keep an Eye on the volumes!
With this post, we don't want to say that Gold cant keeps rising, the idea we want to give is: a) If you have opened positions on the previous corrective Structure, then you have a good market movement in your favour b) If your current risk-reward ratio is above 1.5, then it is a good level to take profits c) The reason is: we are in the all-time high...
Gold / XAUUSD Technical Analysis After the uptrend move in November 2018 we entered a bow tie diameter. This uptrend can be considered as a large C-wave branch. Wave C itself is a dual-diameter + flattened and possibly a short zigzag combination that can temporarily end a 2-year gold ascent, and in the $ 1,500 gold time frame, it can fluctuate for several...
65% ( probability) the gc1 will keep going down
1860 is the 100% Fib extension. I reckon XAU needs a major correction, at least to the "potential target 1", an excellent risk-reward ratio for sure. This analysis fails if it can break out and close above the 100% Fib extension. PS: Please don't trade this analysis blindly, do your research before you enter the trade. I'm too busy with my clients, and I'm not...
Depending on alot of sign it seems like GC1! will be increased soon.
Gold is continuing the sideways Elliott Wave that we have identified last week. It has tracked our prediction almost perfectly. If we are right, expect another dip to 1795 or 1787. Although we are still bullish of gold, GC is trekking in the vicinity of all time highs, so watch for some more ranging before breaking out further. The Kovach Momentum Indicators...