I anticipate that price will re-test either the FVG near the 1910 level or Oder block before going back to the upside to 2050.00 and potentially creating a new all time high. If price fails to break below 1935.00 there's a possibility that it may bounce back up from that level to the upside. Ultimately there are a number of key levels to keep an eye on for a...
Price has tested the daily demand zone of 1772.00 and has failed to break below the trend line. Price will continue to consolidate until Friday, if price breaks out of the falling wedge and the accumulation box gold will rally all the way to 1820.00 and will rally all the way to 1850.00 throughout December.
Currently the price of gold is consolidating above the all important 1781.61level, it has failed to close below this level numerous times as well as the trendline acting as support. Currently price is near an important range zone around the 1792.00 area. Price should move up towards the 1820.00 and 1850.00 levels on a long term perspective, to correct all the...
Anticipating a reversal after price broke below the low of September, seems like a head an inverse head and shoulder pattern is formin. there's a with a falling wedge formation which may be an added confluence to other bullish indicators, although it's too early to conclude whether or not the patterns are valid.