It is crystal clear that the gold is ranging in an inclined corridor (see the two inclined lines) + the prices are below the VWAP (for the moment). Since there is no volume the minute I type this, it is difficult to predict exactly what is going to happen. But here are the only 2 scenarios:
First, the market will break the range from above with a strong...
From a long-term point of view, the GOLD is ranging in what seems to be a triangle, due to lower highs since the boom in prices in August 2020 and higher lows, which allows the gold to be in an up-trend. This behavior is due to the recent crisis that turned investors to turn to commodities such as gold, considering it as a safe investment against inflation and...
