Prices are seen moving in the range between $1536 Jan 2020 Low and $1611 Jan 2020 High, from January 2020 to the present. It looks like the Bull and Bear are fighting to conquer each other. Will The Bull Be Able To Win This Fight ? From this chart approach (please copy and paste this link to your browser : ...
MY LONG TERM VIEW this is my view from some of the chart approaches I have, which shows that the bull market has the potential to re-continue, at least in my view. 1. The Balanced Time Chart Approach & A Sign Back To The Top From this chart approache (please copy this link and paste to your browser : s3.amazonaws.com/tradingview/snapshots/a/aIMnjM9M.png )...
In my previous analysis, I have said that gold will shine again if the closing price at the end of 2019 is not closed below 2016 High ($1375) or 2018 High ($1365) and so far the price at the end of 2019 has not closed below that level. Will The Bull Party Continue In 2020 ? Some of the chart approaches I have, show that most likely " YES ", if the bull can...
Get Ready To Book A Flight Seat In the previous analysis I expect prices to move below $1480/70 until December 2019 if the level can be conquered by Bears, and until now the price is still moving below that level. In my main chart above, it can be seen that the fastest buying opportunity is expected to start on Dec 23, 2019 or within a time span of 42 Days ...
BUY WITH CAUTION & CONSIDERATION As my previous analysis, weekly Sept 9, 2019 (plus 1 week) is my timing to go long, although from The Main Chart Approach above has appeared A Red Candle in Last Week , but The Bears hasn't been able to conquer $1480 and The Bulls hasn't been able to conquer $1522 to date and it seems like The Bulls and The Bears ...
IF IT FALLS IT WILL RISE AGAIN At this time we will enter the week of Sept 09, 2019 (plus minus 1 week) which is a very important week in my previous analysis, where the bears are expected to come in that week. WILL THE BEARS COMES AND TAKE THE FIGHT WITH THE BULLS ? Price movements for the time being are seen that are still struggling in the 2013...
NEW HIGH FROM THE NEW LEG Bulls can hold $1380/75 until the End of July 2019 and can conquer $1452 July 2019 High in the First Week Of August 2019 , so that according to the Main Chart Approach above, prices have the potential to move up again until August 26, 2019 or September 9, 2019 (plus minus 1 week ). If the above Time Approach is correct...
BUILDING THE LEG TO MOVE HIGHER In the previous analysis entitled "An Effort to Break the $ 1375 Scenario (Part # 1)" , I had estimated in scenario #2 that $1375 tended to be conquered by bulls in 2019 , as long as End of May 2019 prices can remain above $1260 and finally bulls can conquer $1375 Bear Market Wall and bring prices to the level of $1439 ...
QUITE BULLISH AND NEED ATTENTION At least for this week, the price should be able to close above $1350 to continue the retest of $1375 . If it fails and the price closes below $1333 , then it is likely that the price will re-consolidate until the week of July 08, 2019 or July 29, 2019 (plus minus 1 week). The pattern of the Falling Knife that a become...
THE BIG MOVE IS LIKELY COMING Price movements in the last few weeks illustrate that the price movement is very close to Scenario #2 , where as of the End of May 2019 , $1260 can withstand a bear attack even though $1280 failed to be March 2019 Low , so by looking at the Outline Of This Historical Chart , according to my technical view, "AN ATTEMPT TO BREAK...
I still use this Chart as a reference that Bull attempt to break the level of $1375 and in my view, $1280 is potentially become 2019 low and now is the time the Bull will retest $1325/46 to make the first confirmation. In my technical view, the bull has 2 scenarios for breaking through the level of $1375. 1. Scenario #1 For The Breakout $1375 In 2020 Refers...
Gold has recorded high prices around $1346 one week after 11.02.2019 and then drop to around $1281 nearing the week 18.03.2019 . Based on this Chart approach and supported by this Chart approach, as long as $280/75 can be maintained by bulls, then in my technical view, the price will continue its rise to retest $1350/75. In case it closes below $1280/75,...
The Time Line in my previous analysis that I estimated fell in the week 04.02.2019 changed to 11.02.2019 (plus minus 1 week) as seen in the Main Chart above and the following Chart and this Chart . If in the Next 2 Weeks the price can be closed above $1326 or move consistently at a minimum above $1312/22, then the Bull has a chance to record...
Bull can conquer $1298 and prices record higher towards the week of 04.02.2019 with a bias of plus minus 1 week. Would the prices be able to climb higher levels again ? In the previous analysis in " What's Going On In 2019 " I estimated that $1350/75 is likely to be tested in Q1-2019 or Q2-2019 . If the test is carried out in Q1-2019 , then Within...
At the moment the price movement is entering on the week session 14.01.2019 and the price is still struggling between $1298 - $1275. This week or next week, which one will be targeted first for lunge ? From the results of This Chart Approach , and This Chart Approach , if $1298/$1300 is hit earlier, then the opportunity to move higher is likely to occur...
In my previous analysis, I have a technical point of view that prices still have the opportunity to move up to 14.01.2019 or 04.02.2019 (plus minus 1 week) as shown by this Chart and based on the Main Time Chart above , it looks like week 04.02 .2019 is a timeline that needs to get attention after 14.01.2019 . My Long-term View Based on observation, ...
This week is weekly 24.12.2018 nearing the end of 2018 (31.21.2018) . Last week's high price was recorded around $1265 and this price looks very close to the Red MA . referring to the main chart approach above, is the price already at the peak ? From my technical point of view, referring to this Chart approach, the price still has the opportunity to...
As shown in the main chart above, the current price movement is approaching the weekly 24.12.2018 , defining that $1160 August 2018 Low has potentially as the 2018 Bottom . Could prices move higher in 2019 ? Based on this Chart approach, I have the view that prices may be able to move higher in 2019 , if until the end of 2018 , prices do not close...