While the world is on the edge of crisis, there are some reasons which I personally think the gold will rise to a higher price, and maybe a touch to 2000$. Reasons are listed below: + Negotiations between I.R.Iran and 5+1 seemed no progress the previous week + The decline in Cryptocurrencies charts + The problems between Russia and Ukraine(USA) + and Arabian...
Bitcoin is facing a fall. $8500 is technical and $9000 is psycho Resistance. if it breaks them then $10000 will happen or it will fall under $6000 or even $5000.
it is hard to talk about gold as it is now about 1484 - 1488 which is powerful support! Break it and it will fall to the unknown area to create new support because 1400 is unbelievable. and if the reverse shows, 1500 and 1510 are first targets, and also resistances. Some believe that it will reverse in order to support and others because of its falling from 1530...
Gold is reaching the lowest low, powerful support and it may return. If Gold breaks it, it does not have any powerful support and may fall to 1430-1440. Channels are shown and it seems that that telephone between China and U.S. has done its job to control the Gold Market XAUUSD
Gold had a nice pullback and was loyal to H4 rising channel. I personally do not think it comes to 1500 or it will fall to 1486 fast. 1525 is important resistance, and if it breaks that, 1550 and also 1600 is very possible !!! just technical analysis and news should be considered by the trader! Two hours from publishing time, New Yorkers will come to market and...
it will see 1500 again! good for small pips and wait to see what happens later!
It seems that gold is on top of its downside channel. it can break it to top or start falling to 1500!
Look at channels, supports, and resistances that are taking place one after another. $1511 can be hit if news change to normal and get rid of emotional trades, Twitter, and other fake prices! Or Fall, Fall Again!