As you can see, cup and handle in the workings. It is a minor cup with a licking handle. If We break descendent tendline on a weekly We are of to the races. Do you agree? Not financial advice
20/50 ema crossed. Macd going downhill. If market does not correct heavily i expect silver at 30+, gold at 1880 after impulsive move to 32/1920$ Realistic?
20/50 ema crossed. macd picking speed. Short
Longterm resistance from first 30+ till now. Couldnt get above 27,75 today. Next week projecting 28.25 after gaining a breather back to 26,7.
New dynamic resistance blue line. Need to cool of rsi soon before big run. Or possibly surprise many and rebound of this artificiell supression to 1860s fairly quickly. What do you think ?
By comparing previous bullrun from 08 until 11 700$ to 1922$ in about two years time i expect atleast if not greater effect this time around. Most people are waiting 1670 to jump on board .I would not be surprised if We hit bortom at around 1550 USD ( watch it touch yellow line 50 EMA last time, How do you think people felt by then?) to then start the true bull...
Price has Held trend since april 2019 as shown. How many more black swans are to be met before enought people ackowledge that they do actually exist? Why do people gamble with speculative stocks? I hope for one last opportunity for a buy at sub 1700 gold. Is it probable? We will see. Basel 3 on gold cant be pushed forever without some serious big governments...
Longterm support has held all the way except for the march crash. Waiting for the spark to ignite 2100+ bullrun
Expecting a correction in this pair to trendline( red line). SP overbought, Gold in a correction at the moment and oversold. 2:15-2.2 resistance. Lower low next. What do you think ?