DaVinciCode

DaVinciCode

A simple analysis of the trend without indicators just following the basic trendline guidance. As we see with don't have an uptrend anymore and that will be more clear the next 2 days. If nothing bad happens again between Russia and Ukraine i think we will go back to the 80-90 dollar region fast. So we go short expecting huge decline and high profit. Good Luck to...

DaVinciCode

Buyers came in hard. Gold will recover value.

DaVinciCode

We can see the trend looking for lower lows. Next stop @ 55 usd.

DaVinciCode

After hitting latest resistance i think the bulls will surrender.

DaVinciCode Updated 

I think we have our reverse.

DaVinciCode

I think we go down.

DaVinciCode

If next resistance breaks we may go up the road. Play safe. Go long @56.40

DaVinciCode Updated 

Sell @54.50 Target 52.50

DaVinciCode

Bulls going back. The bear is hungry. Next support level 1430

DaVinciCode

With the latest news bears have take the upper hand. In an obvious downtrend its certain that we will see the 1st lower support levels around 50$.It can rebounce back again or go straight to 45$.We will update later. Sell zone 55 Close at 51 Stop at 57 Please dont bull me because this is my first try to predict something and i know the chart cant explain plenty...