EGencay

EGencay

Having the current momentum, a retest of the level 1302 seem to be reasonable. An alternative level would be 1311.

EGencay

Gold had invalidated its bullish trend at 1309 in July 2018 and began a bearish trend. It is well possible that this level gets tested again. If a break above succeeds, it will invalidate this time that bearish trend ultimately. If not, we'll start 2019 bearish. SMA20 in 2W is still trending down and equity markets are not showing signs of quick reversal. The...

EGencay

Gold is approaching a decision point in the monthly period. SPX and US10Y could give hints about the direction.

EGencay

The chart is already verbose enough.

EGencay

The following seem to be the most likely levels for a substantial correction or even a reversal: 1282 1290 1302

EGencay

One pretty possible scenario. This is not an investment advice. Every possible scenario can also fail.

EGencay

The chart speaks for itself. Most of the lines were added already weeks before.

EGencay

There is good possibility that GOLD moves first sideways for some time. Then it could test the 1236-40 area.

EGencay

It seems that BTCUSD is going to converge to ~7700 USD roughly until the mid of July. After that it is well possible that the price moves up to the levels of ~11000 USD again.

EGencay

Combinating pitchfork and fib retracement analyses, we could say that the gold price will be moving between ~1265 and ~1485 USD in the following months. A price below 1265 has a low possibility, unless something unexpected happens in the world politics. A price trend upwards from 1485 is well possible, but also a change of the trend direction.