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DeGRAM | GOLD forecast for the week. Target - 1774Gold worked last week according to my scenario. Over the week, the price on a strong movement (increased volatility) rose to the resistance level. For the resistance breakout, I do not see any preconditions and there is no accumulation (local, below the level). Simply put, there is no energy to break down resistance. A false breakout is possible, but we have a very strong downtrend. I am waiting for the resistance to be worked out as a strong level, most likely there will be a fall in prices or a rollback. In general, the situation is positive for sellers, most likely we can return to the support from which there was an increase - 1774.15 ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
OANDA:XAUUSDShort
by DeGRAM
3
DeGRAM | BTCUSD in flatAfter a strong growth and a false breakout, Bitcoin entered the accumulation phase. What should it be? After a false breakout, in theory, there should be a strong fall, but it is not, the price is kept between 59600 and 64800. There is a strong buyer who is saving up energy for the movement. Global growing trend. So far, there are no prerequisites for the price to exit the flat. ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
BITSTAMP:BTCUSDLong
by DeGRAM
6
DeGRAM | GOLD long to 1829.0Gold is in a bearish trend, a global strong trend that has continued since August 2020. Price in a sideways range - 1829 above and 1751 below. We also have a support level of 1774, formed in November 2020. The level passes almost through the middle of the range and on Friday gold tested the level and opened far away from it, waiting for a return to the level, a pullback and a price rise along a local uptrend to the upper border of the range - resistance 1829 ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
OANDA:XAUUSDLong
by DeGRAM
3