LONG GOLD TILL 1170-1190 + Gold Forcast
Updated with some indicators I use.
-possible golden crosscover 50>200ma soon on daily chart
LONG GOLD TILL 1170-1190 then SHORT between 1170-1190 next week for 1-2 weeks. sl above 1192. target around 1110-1130.
Then long again around 1130. till at least $1250-$1285.
Follow and rep me if you want more forcast.
-possible golden crosscover 50>200ma soon on daily chart
LONG GOLD TILL 1170-1190 then SHORT between 1170-1190 next week for 1-2 weeks. sl above 1192. target around 1110-1130.
Then long again around 1130. till at least $1250-$1285.
Follow and rep me if you want more forcast.
Note
UPDATE:If gold breaks 1191 resistance, we should see $1200 before a retracement down to $1130 region. This weeks trend is bullish till mid or end of the week.
Note
Potential new top is $1200-1203Note
New Retracement Target is $1140-1150Note
UPDATE: DO NO SHORT TILL NEXT WEEK!Note
UPDATE: due to the stock market crash, gold is seen as a hedge so expect this whole week to be bullish. possible target is around $1225 which is the next major resistance level. Next week we might have a $50+ retracement.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.