Gold - 3 weeks forecast - buy on 1D - target 1793 $
Dear traders and followers,
the price of gold in the last week has compensated the total losses of the previous week and looks very bullish on the weekly chart.
On the daily chart the price has confirmed the support at 1720 $ , expect up movement short after market opening.
-MACD indicator: sell volume is near 0 line and the baselines going to cross bullish = buy signal
From a fundamental point of view gold is very bullish. The interest rates of the FED will remain low, we are currently in an economic crisis that is just beginning and the demand for physical gold cannot be served for weeks.
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the price of gold in the last week has compensated the total losses of the previous week and looks very bullish on the weekly chart.
On the daily chart the price has confirmed the support at 1720 $ , expect up movement short after market opening.
-MACD indicator: sell volume is near 0 line and the baselines going to cross bullish = buy signal
From a fundamental point of view gold is very bullish. The interest rates of the FED will remain low, we are currently in an economic crisis that is just beginning and the demand for physical gold cannot be served for weeks.
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button or share this idea if you like it.
Trade active:
market is on track and todays close is important for further movement
price close above 1755 $ = target 1795 $
price close under 1750 $ = target 1725 $
price close above 1755 $ = target 1795 $
price close under 1750 $ = target 1725 $
Trade closed: target reached
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
