GOLD Price Prediction: NEW PARADIGM OR EXIT SCAM?!
Updated
Here is the 14 years of GOLD price history and action. Looking at it we can locate a lot of triangle shaped during its movement.
📌 Nowadays we facing resistance zone of $1860 (2011-high) and this is important zone for the whole world.
Here is the chart of GOLD (XAUUSD) as pic:
Price consolidate in triangles over and over from 2007 and this is quite interesting. Now price in the upward triangle shape, which can be broken down according to 2011 same shape of triangle.
In 2011 we faced European Debt Crisis and price of gold surged down to 1000 low in 2015.
So now, price in upward triangle and what it will do next? I see very high possibility to breakdown at see small retracement, before breakout from 2011 highs $1860 reistance zone.
But there is a chances for bullish breakout now, so be careful.
There is a quite good chances for price rise over next 5-10 years to $3000.
Thanks for attention
This is Artem Crypto
📌 Nowadays we facing resistance zone of $1860 (2011-high) and this is important zone for the whole world.
Here is the chart of GOLD (XAUUSD) as pic:
Price consolidate in triangles over and over from 2007 and this is quite interesting. Now price in the upward triangle shape, which can be broken down according to 2011 same shape of triangle.
In 2011 we faced European Debt Crisis and price of gold surged down to 1000 low in 2015.
So now, price in upward triangle and what it will do next? I see very high possibility to breakdown at see small retracement, before breakout from 2011 highs $1860 reistance zone.
But there is a chances for bullish breakout now, so be careful.
There is a quite good chances for price rise over next 5-10 years to $3000.
Thanks for attention
This is Artem Crypto
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