SheIsGolden

SheIsGolden

What a CRAZY volitile week this has been with Gold! whew! We saw a high of 1975 and then a sharp correction to1890. Inflation, The Issues between Russia and Ukraine(war) have all contributed to the high highs and low lows weve seen in one week. So Gold has been in a sort of side ways trend after its fall ofrom 1975. Now that price has broken my box and did a...

SheIsGolden

I'm on the day chart this time and as you can see price is headed back toward the trend line. It has recently hit a strong support of 1790 and broken the structure of 1810. If inflation of the dollar continues price could see as high as 1860 in the coming days. (Here's a caveat): If the resistance of 1831 holds strong we could see a retest to the 1800 level....

SheIsGolden

We are post federal reserve meeting and it appears that investors are apprehensive due to the hawkish tone the chairman Jermone Powell gave, however I believe that as gold has been accummulating since may and the 1753 major support has been touched now we will see at least a short bullish run. As you can see on my chart price touched the 1753 support and on the...

SheIsGolden

Price has hit a key area of support on the weekly and I expect to see a bullish uptrend. Now since we have seen a very steady increase in inflation pressure and the federal reserves current projections show the pressure will last until the mid of 2022, we can speculate that the banks will react in a rush to buy Gold. From my analysis I believe Gold hit the...

SheIsGolden

There has been some recent stength in the US dollar so I expect to see this commodity continue its pull back. 1905 is still a target but I expect to see a pull back and retest to the levels of 1828-1835 which was a previous resistance. Once this pull back finishes ( if the US dollar doesnt continue in strength and inflation continues to be an issue) Price should...

SheIsGolden

Gold turned bullish on the weekly from the 1682 level. I believe once price reaches the 1870 price there will be a slight pull back to around 1862.6, and then price will make its way to the price of 1905. I believe we should wait until price reaches and closes above 1870 which will confirm the higher high.