Have a nice day traders. GOLD price is trading with a range of 2016-2041 in the H4 frame. It is predicted that gold prices will continue to increase before gold prices decrease in 2016 💚
Huge volume and selling - but price held relatively well.
RSI in overbought territory.
With the FED anncouncing that they will continue to print away just like they have been for years, I'm speculating that we will have major upside for this commodity over macro longterm but thought i'd point out the retracements at these key levels.
Dotcom Bubble Crash and...
GOLD is unstoppable right now and is soon to storm the 1800 key level.
The only question is- what we get to see:
1- An optimistic scenario, drawn with a green line, where there is a retest of support after a breakout towards 1900, and then a strong move up into the 2300/2500+ in 2-3 years.
OR
2-A pessimistic scenario, drawn with a red line, where the...