GOLD NEXT POSSIBLE MOVE
The global trend is bullish,The price is inside the Triangle now
Gold is expected to reach 1950 and then it will retrace back to 1985 - 1949 which will be the support line for its journey to 2000 ++.
Technically that is a Buy opportunity towards the #1,980.50 - #1,990.50 zone, but I cannot rule out possibility of a correction. However it all really depends on how the Bond notes and Stock markets trade coming into Monday’s U.S. opening Bell. DX resumed the decline so Long-term Selling sequence towards #1,900’s is postponed for minimum #14 sessions. The U.S.10Y (Bond notes) is at its lowest since September and coupled with Neutral candles on Stock markets, Investors should again relocate capital to safe-havens like Gold . The decline on Usd-Jpy still doesn't affect Gold and if #1,965.80 breaks early on E.U. session (Monday), I may potentially see the bottom of this parabolic Gold run near #1,940.80 which resembles the finishing Bearish leap for current fractal.
All the Entries should be taken only if all the rules of entries are applied.
Gold is expected to reach 1950 and then it will retrace back to 1985 - 1949 which will be the support line for its journey to 2000 ++.
Technically that is a Buy opportunity towards the #1,980.50 - #1,990.50 zone, but I cannot rule out possibility of a correction. However it all really depends on how the Bond notes and Stock markets trade coming into Monday’s U.S. opening Bell. DX resumed the decline so Long-term Selling sequence towards #1,900’s is postponed for minimum #14 sessions. The U.S.10Y (Bond notes) is at its lowest since September and coupled with Neutral candles on Stock markets, Investors should again relocate capital to safe-havens like Gold . The decline on Usd-Jpy still doesn't affect Gold and if #1,965.80 breaks early on E.U. session (Monday), I may potentially see the bottom of this parabolic Gold run near #1,940.80 which resembles the finishing Bearish leap for current fractal.
All the Entries should be taken only if all the rules of entries are applied.
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