BUY Gold! - Our forecast and analysis suggests a positive trend
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TVC:GOLD CFDs on Gold (US$ / OZ)
Our recommendation is to take a long position on gold , as the current trend is highly bullish and approaching the previous high of around 2065. However, it's important to consider the past data and predict the market behavior before making a trade. The resistance line at the price level of 2000 to 2010 is quite strong and may cause a break of the bullish channel , leading to a drop to the level of 1957. Though the price won't stay at that level for long and will return to test the resistance of the broken bullish line, initially failing and dropping to 1930, before bouncing back to the previous high and then returning to the 1900 level.
from 2011 to 1980 level.